The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are standard deductions — a flat rate — or itemized.

When you're doing your taxes, it can sometimes be hard to know whether to itemize or take the standard deduction.

When tackling your taxes, it can sometimes be hard to figure out whether to opt for a standard deduction or to itemize. According to tax pros, itemizing generally makes sense only if your itemized ...

Homeowners have two choices when claiming deductions to reduce their taxable income: the standard or itemized deduction. But which one is better to maximize savings? Learn More: Can You Write Off ...

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are standard deductions — a flat rate — or itemized.