Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

The Internal Revenue Service has started to spell out how the new tax law will reshape deductions over the next two filing ...

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership. Common tax breaks available to homeowners include a mortgage interest ...