It might seem easier to take the standard deduction rather than itemize your deductions, but you should weigh this question ...

Itemized deductions are expenses that taxpayers can claim on their federal tax returns that reduce their amount of taxable income. Some taxpayers have many eligible expenses that can be itemized ...

According to tax pros, itemizing generally makes sense only if your itemized deductions add up to more than the current standard deduction of $13,850 for a single filer and $27,700 for a married ...

According to tax pros, itemizing generally only makes sense if your itemized deductions, taken together, add up to more than the current standard deduction of $13,850 for a single filer and $ ...

Anyone can claim it. You'll be allowed to take a standard tax deduction even if you don't have expenses that qualify you to make itemized deductions. “You get the deduction even if you don’t ...

The IRS gives you two major choices for lowering your taxable income: the standard deduction or itemized deductions. Most taxpayers opt for the standard deduction simply because it's less work ...

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants ...