The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions ...

Each spring, millions of taxpayers face a deceptively simple question — take the standard deduction or itemize? For those not versed in the lingo of taxes, the distinction can be confusing. But ...

It’s a decision that every taxpayer is faced with when choosing how to claim deductions on their federal tax return: Do you take the standard or do you itemize? Making the right choice could mean more ...

TOPEKA, Kan. (WIBW) - It’s a question many people ask themselves this time of year: Should you go with the standard income tax deduction or itemize? Carl Carlson, founder and CEO of Carlson Financial, ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...