Each year when it’s time to file your federal income tax return, you must make an important decision: Claim the standard deduction or itemize. You can’t do both—you have to pick just one. Fortunately, ...

Many of the tax deductions Americans were able to take advantage of during the height of the pandemic in 2020 and 2021 have now expired for 2022 tax returns, such as the Expanded Child Tax Credit or ...

Inflation itself is effectively a tax on goods and services – and with the rate of rising prices at a 40-year high, that tax is weighing on Americans’ wallets. And on top of that, Americans are set to ...

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how ...

When it comes to filing your taxes, one of the first big decisions to make is whether you’ll be taking the standard deduction or itemizing your deductions. Taxpayers taking the standard deduction ...

Did you know you might be able to deduct a swimming pool, dead-beat friend debt, and cat food on your taxes? Those are just the start of some creative deductions you might be able to add to your 2022 ...