You have an important decision to make each time you fill out your federal income tax return: Take the standard deduction or claim itemized deductions. And, of course, you'll always want to pick ...

The Tax Cuts and Jobs Act (TCJA) limited itemized deductions and doubled the standard deduction to entice more taxpayers to skip itemizing – but money-saving deductions still remain for eligible ...

So this year the government has offered an added incentive for Americans to donate to charity. As part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, lawmakers created a special one ...

A bipartisan group of U.S. senators is leading the charge to further expand the charitable tax deduction in upcoming coronavirus relief bills as charities struggle amid the COVID-19 epidemic. The ...

Eight financial industry trade groups and independent broker-dealers (IBDs) have sent a joint letter urging the leadership of the U.S. House and Senate tax writing committees to make investment ...