Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

Should you itemize your taxes? Most taxpayers take the standard each year. The Tax Policy Center estimates that only about 10 ...

While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...

In fact, a new study published by SmartAsset finds that in some states households reduce their taxable income by $50,000 to upwards of $100,000 through itemized deductions. With tax season coming ...

The alternative minimum tax (AMT) is designed to ensure that certain taxpayers who benefit from various deductions and tax ...

With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.

Gov. Wes Moore plans to change how Marylanders take deductions on their state income taxes, but officials in some of the ...

Maximize your tax refund with strategies like adjusting your withholding, contributing to retirement accounts, taking ...

Through February 2025, the average tax refund was $3,182. That's a 6.3% increase from the same period in 2024.

Maryland’s business community is working to beat back a proposed 2.5% tax on business-to-business services in the state.

Instead, lawmakers should discuss taxing Social Security benefits the same as contributory pension plan benefits. That would slightly decrease the percentage of Social Security benefits that are ...

Since the start of the current federal administration, there has been much discussion on potential changes to the tax code ...