The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...
The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week she's looking at five questions on itemized deductions ...
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 ...