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Tax Break on Our Mortgage? Why It's Worth Itemizing Deductions This Year
This tax season, my household is claiming the mortgage tax deduction. So we're doing that dreaded thing everyone whispers ...
Where is your refund? Standard vs. itemized deductions could impact your refund amount
What's the difference between standard and itemized deductions? Here's what it could mean for your 2025 tax refund.
Tax Write-Off vs. Tax Deduction vs. Tax Credit: What’s the Difference?
While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, ...
Gov. Moore’s proposed tax breaks could mean service cuts in lower-income counties
Gov. Wes Moore plans to change how Marylanders take deductions on their state income taxes, but officials in some of the ...
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Average Itemized Deductions in Some States Reach Over $50k. Are You Getting the Most Out of Your Tax Return?
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 Washington Post11d
Maryland lawmakers seek to raise $1 billion through new business tax
Moore’s idea to eliminate itemized deductions would mean tax hikes for most people who make more than $500,000, but it would ...
Tax deductions for homeowners in 2025
The IRS offers various tax breaks for homeowners that can help lessen the financial burden associated with homeownership.
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Tax Break on Our Mortgage? Why It's Worth Itemizing Deductions This Year
In our case, for itemization to be worth the hassle for our family, we'd need to accumulate more than $29,200 total in itemized deductions, including our mortgage interest. Fortunately ...
The Cincinnati Enquirer10d
Where is your refund? Standard vs. itemized deductions could impact your refund amount
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?