Tax filers might assume that tax deductions are reserved for those filers who itemize on their tax returns. But if you take the standard deduction, don't feel left out. Taxpayers can take certain ...

Tax deductions reduce your taxable income, but not all deductions are created equal. Above-the-line deductions can be more valuable than below-the-line deductions because they can help you qualify for ...

The Fast Company Impact Council is an invitation-only membership community of top leaders and experts who pay dues for access to peer learning, thought leadership, and more. There’s no longer an above ...

Above-the-line deductions offer the best of both worlds -- an opportunity to lower your taxes without having to itemize. The IRS offers a number of tax deductions that can help workers shave thousands ...

Individuals who donated to qualifying charities last year may be eligible for a special tax deduction – even if they don’t itemize. The CARES Act provided for a temporary above-the-line deduction of ...

The Tax Court disallowed a county judge’s deduction for unreimbursed business expenses as a deduction for adjusted gross income (AGI) because his judicial position failed to satisfy the requirements ...

The Tax Court ruled that an award for an employment discrimination settlement should be included in a taxpayer’s gross income – but that he could deduct his attorney’s fees in the case above the line.