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 ...

“There were substantial donations made.” ...

While above-the-line adjustments are available to those who itemize and those who take standard deduction, there are possible ...

Robert Goulder and Joseph Thorndike of Tax Notes trace the origins of the state and local tax deduction from its early role ...

If you're in that group and are a retiree, you still have time to take advantage of ways to optimize how much money you keep.

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 ...

Maximize your tax benefits by donating unused items. Learn how fair market value and proper documentation play a role in tax ...