It’s Ask The Taxgirl! Today, we tackle claiming the standard deduction versus itemizing your deductions.
Read MoreTag: standard-deduction
2015 Tax Rates, Standard Deductions, Personal Exemptions, Credit Amounts & More
With tax season firmly behind us (er, for those of you who didn’t file for extension), now is a good time to take a look
Read MoreFix The Tax Code Friday: Time To Ditch Itemized Deductions?
I do a lot of radio and other interviews this time of year and inevitably I’m asked why doing your taxes is so complicated. My
Read More11 Things To Know Before Filing Your Tax Return For 2012
With so many changes looming for 2013, it’s easy to forget that there were some significant tweaks to the Tax Code for 2012. Here’s a
Read MoreThe Most Noteworthy Tax Changes Of 2011
We’re down to the wire! Tax season is nearly over for the 2011 tax year: just 15 days remain until Tax Day (remember that you
Read MoreTaxes From A To Z: S Is For Standard Deduction
S is for Standard Deduction. Most taxpayers have the option of claiming the standard deduction or the itemized deduction. I say “most” because, as with
Read MoreIs Your Mortgage Interest Deduction At Risk?
Is your mortgage interest deduction at risk? What about your charitable donation deduction? Your real estate tax deduction? Your medical expenses deduction? Under a new
Read MoreMovin’ On Up: Inflation May Translate To Lower Tax Bills
If you think that the cost of living is increasing, it’s not your imagination. Everything is getting more expensive from gas to milk to peanut
Read MoreDeduct This: History Of The Tax Attorney’s Fees Deduction
Wait? You mean that you didn’t know that there was such a thing as the tax attorney’s fees deduction? Well, perhaps that’s because it’s not
Read MoreDeduct This: The History Of The Medical Expenses Deduction
When you ask most taxpayers about available tax deductions, the deduction for medical expenses immediately springs to mind. It’s probably one of the most talked
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