Taxpayers can use the standard deduction or take itemized deductions on their tax returns, but they can’t do ... need to calculate them accurately to make sure you can claim the full deduction ...

But, more than ever, you need to understand what you can and can't do tax-wise. We'll break it down to help you make the decision on whether to select a standard or an itemized deduction.

Tax deductions allow you to reduce the amount ... to itemize their deductions." If you pick the standard deduction, you'll claim it on Form 1040. For itemized deductions, you'll need Schedule ...

One of the first decisions you'll make when filing taxes is whether to take the standard deduction or itemize your deductions. But before you make that call, you need to know what the standard ...

This is the final tax year for a cap on the federal government's State and Local Tax (SALT) deduction, which reduces your IRS income tax bill based on taxes you've already paid to state and local ...

Mileage can be deducted for volunteer work and medical care, but IRS restrictions limit the amount you can claim ... everyone else will need to file a Schedule A form and itemize their deductions ...