What Are Itemized Deductions and What Can You Itemize?
When the government passed the Tax Cuts and Jobs Act (TCJA) in 2018, it changed the standard deduction amounts for income tax purposes. This change led to fewer people using itemized deductions on their taxes, as they could receive more savings by using the standard deduction. Itemizing your deductions might still be the right move …
What Are Itemized Deductions and What Can You Itemize? Read More »