Tax filers might assume that tax deductions are reserved for those filers who itemize on their tax returns. But if you take the standard deduction, don't feel left out. Taxpayers can take certain ...

Tax deductions reduce your taxable income, but not all deductions are created equal. Above-the-line deductions can be more valuable than below-the-line deductions because they can help you qualify for ...

Individuals who donated to qualifying charities last year may be eligible for a special tax deduction – even if they don’t itemize. The CARES Act provided for a temporary above-the-line deduction of ...

What expenses are tax-deductible? This is a common question among my clients. While the answer isn’t simple, it’s important to understand because it can significantly reduce your tax bill. Whether or ...