Relatively few Americans itemize deductions on their tax return. You can either claim the standard deduction or itemized deductions on your return — but not both. And, of course, you always want to ...

The 2017 tax reform law ended the ability for most taxpayers to deduct expenses for working from home just in time for millions more people to begin working from in response to the Covid pandemic.

Millions of Americans began working remotely or from home during the coronavirus pandemic. Others decided to take the leap amid the "Great Resignation," start their own business and become their own ...

You have an important decision to make each time you fill out your federal income tax return: Take the standard deduction or claim itemized deductions. And, of course, you'll always want to pick ...

Discover what medical expenses are deductible, including examples like insurance premiums and prescriptions, and learn how ...

Each year when it’s time to file your federal income tax return, you must make an important decision: Claim the standard deduction or itemize. You can’t do both—you have to pick just one. Fortunately, ...