is a few days away and you’ve come to grips with reality: You’re not going to complete your tax returns in time to meet the ...

Prefer Newsweek on Google to see more of our trusted coverage when you search. When filing a federal tax return, Americans face a key choice that can directly affect how much they owe—or how much they ...

Filing a tax return can feel straightforward, but there are certain (and often overlooked) deductions many taxpayers could be using to lower the amount they owe. Since many filers tend to default to ...

Owning a home changes your tax picture, but not always in obvious ways. Some homeowners assume buying a home automatically leads to a larger refund. Even long-standing homeowners can overlook ...

Running both scenarios, standard deduction versus itemized, can help clarify which approach results in lower taxable income. Reviewing documentation before filing can also help ensure that ...

With the standard deduction higher than ever — $32,200 for married couples filing jointly and $16,100 for single filers — most Americans no longer itemize. But that does not mean your opportunity to ...