In this week's Ask the Editor Q&A, Joy Taylor answers questions on itemized deductions claimed on Schedule A of Form 1040 ...

You don't need to itemize to save on taxes in 2026. These 13 overlooked deductions and adjustments can lower your taxable income and reduce what you owe.

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Not to start another tax thread, but well anyway. Couple of questions about Schedule A which is for Itemized Deductions.<BR><BR>- State and local income taxes (line 5). The instructions say you can ...

If you’re a homeowner preparing to file your taxes, you’ve probably asked yourself: Should I take the standard deduction or itemize? The answer could make a big difference in how much you save—and it ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.