With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.

This tax season, my household is claiming the mortgage tax deduction. So we're doing that dreaded thing everyone whispers ...

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.

Your aging-in-place plan could benefit from the medical expense tax deduction. But watch out for capital gains and property ...

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.