Itemizing is a way to pick and choose your tax deductions. Here's how it works and how to tell if it's for you. Many, or all, of the products featured on this page are from our advertising partners ...

About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits.

Until the Tax Cuts and Jobs Act (TCJA), people across the income distribution could say they benefited from the tax code’s many targeted tax benefits. But, according to a new analysis by the Tax ...

While you don't have much choice when it comes to paying taxes, you can benefit from significant deductions that reduce the amount you owe Uncle Sam. "Imagine you have $100,000, and you get to make ...

The right approach to your taxes could result in more savings or a higher refund. Here's how to decide whether to itemize or not. Your goal in filing your taxes should be to report your income ...

How much tax you owe depends on your income. However, the federal government, through the Internal Revenue Service, allows you to claim deductions that reduce your taxable income and the amount of tax ...

Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

Despite all their rhetoric about closing special interest loopholes, politicians love nothing more than delivering federal largesse to favored constituents. But with new spending programs in such ...