I recommend that you do not be lazy and go through the effort of compiling your itemized deductions. Your efforts may be greatly rewarded!

You can claim the standard deduction even if you have no expenses that qualify as itemized deductions. You don’t need to keep records of expenses. It’s simple, and you don’t need to educate ...

In fact, a new study published by SmartAsset finds that in some states households reduce their taxable income by $50,000 to upwards of $100,000 through itemized deductions. With tax season coming ...

When it’s time to file your return, there’s typically two ways to take them – the standard deduction, a single, fixed amount the IRS lets you deduct, or itemized deductions, where you add up ...