Here's what you can deduct if you aren't itemizing, along with tax brackets, senior deductions including the phaseout ramp, and what you can reasonably expect.

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

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Taylor Tepper covered banking, investing and pretty much everything else in personal finance for more than a decade, with his work appearing in the New York Times, Fortune and MONEY magazine, as well ...

The standard deduction is a popular way for taxpayers to reduce their taxable income. Your deduction amount depends on your age, filing status and other factors. Many, or all, of the products featured ...

In business accounting, standard margin and gross margin are two key indicators of a company's economic health. The key difference is that one measures the big-picture outlook in terms of how much ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...