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When you file your taxes, you can claim the standard deduction or choose to itemize. However, recent changes in tax law have dramatically reduced the percentage of Americans who itemize. For You:...
If you want to boost your tax return in 2024 without having to go through a lot of pain, here are six effortless tax deductions you don’t have to itemize. 1. Traditional IRA Contributions
While it's true that many taxpayers rely on popular itemized deductions, those aren't the only deductions available. Taxpayers who file a form 1040 may also opt to claim a number of what the IRS ...
There are a number of deductions that you can claim without having to itemize, including educator expenses and student loan interest.
It’s official, the IRS begins accepting 2024 tax filings today. Over 200 million returns will soon start trickling in—and this year, there are more tools than ever available to help you file ...
Tax season 2025 will start Jan. 27 — that’s when the IRS will start accepting 2024 tax returns. The IRS said it expects to receive more than 140 million individual tax returns by the April 15 ...
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