Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

Simple Form 1040 returns only (no schedules except for the earned income tax credit, child tax credit and student loan interest). Tax deductions for homeowners Mortgage interest Discount points ...

The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership.

The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the ...

we have to itemize and file Schedule A of Form 1040 to prove we have tax deductions amounting to over $29,200, which is the standard deduction for taxpayers who are married filing jointly.

How all this will affect the processing of tax returns is a matter of speculation, but it seems very unlikely to make the ...