Should I Itemize My Tax Deductions or Take the Standard Deduction?

The 2017 tax law eliminated or capped many deductions, but made up for it by doubling the standard deduction and nearly eliminating the alternative minimum tax. Will you benefit, or pay more? Here’s what to expect......»»

Usually, you should do whatever gives you the biggest break -- but there are some tricks......»»

The tax law pushed millions of upper-middle-class households from itemizing deductions into a larger standard deduction. That shift could change the annual pattern of December donations that charities count on......»»

Around this time of year, many taxpayers begin the annual ritual of pondering The Big Question: Do I take the standard deduction or spend time hunting for receipts and filling….....»»

Here are 4 things tax pros say could indicate that it is time to stop itemizing and take the standard deduction......»»

Around this time of year, many taxpayers begin the annual ritual of pondering The Big Question: Do I take the standard deduction or spend time hunting for receipts and filling….....»»

Zacks.....»»

The Tax Cuts and Jobs Act pretty much doubled th.....»»

If you itemize deductions on your taxes, Medicare costs, such as premiums and copayments, may be deductible......»»

Expect to save a little more from using this tax break in the coming year......»»

There's some good news for taxpayers......»»

There's some good news for taxpayers......»»

A little-known strategy allows people 701/2 or older to write off charitable donations of IRA income and still take the standard deduction......»»

A little-known strategy allows people 701/2 or older to write off charitable donations of IRA income and still take the standard deduction......»»

The tax deduction rules for residential landlords have changed dramatically from 2013 to 2018. Due to these changes in regulations, landlords are now much more likely than ever before to be able to deduct most of their current expenditures. Under t.....»»

The 2017 tax reform bill dramatically increased the number of Americans who claim the deduction for mortgage interest......»»

There’s one major caveat to the kinds of deductions you can make from big storms......»»

Some feared that doubling the standard deduction would make Americans less likely to donate......»»

The new federal tax legislation opens up a few options for retirees, among which the reduction in standard deduction holds utmost sign.....»»

Some feared that doubling the standard deduction would make Americans less likely to donate......»»