If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

Form 4684 allows individuals ... the loss must exceed 10% of the taxpayer's adjusted gross income (AGI). If you want to claim deductions for disaster or theft losses, here are seven general ...

Depending on what you've spent, claiming your medical expenses can get you a bigger refund. We walk you through everything you need to know before filing your taxes.

Homeowners have two choices when claiming deductions to reduce their taxable income: the standard or itemized deduction. But ...

Alternatively, retirees can request that a portion of their benefits be withheld by submitting a Form ... an AGI below $82,190 and (2) joint filers with an AGI below $105,380. The deductions ...

The standard deduction is a flat-dollar reduction to your adjusted gross income (AGI). For the 2024 tax year, the standard deduction for individuals is $14,600 and $29,200 for married filing jointly.