there’s typically two ways to take them – the standard deduction, a single, fixed amount the IRS lets you deduct, or itemized ...

The type of deduction you take can reduce your tax bill, or even determine how much you get back in refunds this tax season. But what is the difference between standard and itemized deductions?

Homeowners have two choices when claiming deductions to reduce their taxable income: the standard or itemized deduction. But ...