The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

How recent Federal tax law changes are reshaping charitable giving strategies—and what you should do before year-end ...

Most people go with standard deduction when filing income tax returns, but depending on ax situation, you may want to itemize ...

For a long time, the standard deduction has been a straightforward option for many U.S. taxpayers. It allows most filers to reduce their taxable income without needing to itemize deductions. The ...

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, ...

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 ...

The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and increased health care and housing costs.