"Generally, a standard deduction is the best choice for taxpayers whose total itemized deductions do not add up to more than ...

The type of deduction you take can reduce your tax bill, or even determine how much you get back in refunds this tax season. But what is the difference between standard and itemized deductions?

Tax deductions help keep more money in your pocket, and when it's time to file your return, there are typically two ways to take them the standard deduction, *** single fixed amount, or itemize ...

You have two options for this deduction: Use the standard mileage rate that the IRS sets each year. In 2025, the rate is $0.70 per mile. So if, for example, your business trips totaled 1,500 miles ...

But there are two different ways to claim deductions, and the one you choose can impact how much you save. The far more common method is standard deductions, which "nearly 90% of taxpayers claim ...