Itemizing generally only makes sense if your itemized deductions add up to more than the current standard deduction of $14,600 for a single filer and $29,200 for a married couple.

NEW YORK (AP) — The deadline to file your taxes is less than a month away, and if you’re doing them for the first time, you might be feeling added pressure. “It’s an incredibly daunting and stressful ...

Using your actual expenses takes a lot more work, but your deduction will be better tailored to you. You'll need to keep track of all receipts for insurance, gas, maintenance, oil, tires, lease ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less.

She holds a master’s degree from Arizona State University. damircudic / Getty Images The standard tax deduction is a fixed amount that taxpayers can subtract from their income to lower their ...

This tax season, my household is claiming the mortgage tax deduction. Last year, we paid a lot in mortgage interest -- more than we ever have as homeowners. However, the hefty amount we paid can ...