Latest News for: itemized deduction

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Got your first job? Here are some tax tips for first time filers

Fox31 Denver 26 Mar 2025
... deduction or itemize. Itemizing generally only makes sense if your itemized deductions add up to more than the current standard deduction of $14,600 for a single filer and $29,200 for a married couple.
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Adult children caring for parents: What to know about filing taxes as a caregiver

Usatoday 26 Mar 2025
Other qualifications regarding claiming dependents on your taxes can be found on the IRS website.Single caregivers get higher deductions ... Those deductions must be itemized and total more than 7.5% of your adjusted gross income.
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Free File, Direct File: How to use free IRS tax-filing options for Californians

SiliconValley.com 26 Mar 2025
... single filer) but it does have restrictions on types of income and deductions — for instance, it’s not for anyone who has an IRA distribution, itemized deductions or income from gig work.
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‘Where the hell are my spoons?’: Man says his landlord painted his kitchen cabinets. Then ...

The Daily Dot 26 Mar 2025
Your insurance company may also help you in order to make your landlord liable for the deductible and the insurer’s payment to you on behalf of your lost items, ... Receipts or owner's manuals can also be helpful to prove the value of the stolen items.
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How to file a tax extension in 2025: Step-by-step instructions

The Citizens' Voice 26 Mar 2025
Start with your total income (wages, RSU income, business income) Add investment income (dividends, capital gains) Subtract adjustments to income (retirement contributions, HSA) Subtract standard or ...
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Maryland House approves ‘hard’ budget; Republican says all lawmakers ‘complicit’ in economic failures

Baltimore Sun 26 Mar 2025
... sales tax, two new tax brackets for people making over $500,000 and $1 million and a limitation on itemized deductions for people who make over $200,000 annually, among other revenue policies.
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Marion County restaurant inspections: Old Bloody Mary mix, utensils not sanitized

Statesman Journal 25 Mar 2025
Priority violations deduct 5 points, and priority foundation violations deduct 3 points. Violations recorded on consecutive inspections result in point deductions being doubled ... Point deduction ... Point deduction ... Point deduction ... Point deduction.
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Maryland budget: Here are the new taxes and fees to watch

Baltimore Sun 25 Mar 2025
... and $6,700 for joint filers; The limitation of itemized deductions for people earning more than $200,000 annually; Creating a new 2% capital gains surcharge for people who earn over $350,000.
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What are Maryland's proposed tax, fee changes for state budget?

Delmarva Now 25 Mar 2025
... to $6,700 for joint tax filers for tax year 2025.Phasing out itemized deductions for people with a federal adjusted gross income of more than $200,000.Adding two new tax brackets for taxable income.
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Motley Fool: An undervalued valuable company

The Spokesman-Review 23 Mar 2025
What’s the difference between a tax deduction and a tax credit? – W.D., Washington, Indiana ... Note that if you don’t have a lot of deductions to itemize, you’ll probably simply take the standard deduction.
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How to get the best divorce settlement

Orange County Register 23 Mar 2025
For 2024, the standard deduction for ... Most people no longer itemize deductions, and the mortgage interest deduction and deduction for state and local taxes (including property taxes) are now limited.
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IRS sounds the alarm about tax scams you can’t ignore

Penn Live 23 Mar 2025
The due date for filing your taxes is looming, and as people begin to file, the scammers may follow ... Phishing ... Taxpayers who donate cash or property to a charity can claim a deduction on their federal tax return, provided they itemize their deductions.
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‘That’s a $2,629 difference!!’: Woman almost pays $273 to file with TurboTax. Then she uses ...

The Daily Dot 23 Mar 2025
Filing your taxes in the United States is a notoriously difficult and confusing process. That's on purpose ... Unlike many other countries, which send each citizen an estimated tax filing that includes itemized deductions, earnings, and charges, the U.S ... .
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Head of Household filing status being questioned by some in Washington, D.C.

South Bend Tribune 22 Mar 2025
The very ambitious (some folks may call it over-reaching) report covers high-profile items such as eliminating HOH status; adjusting (or eliminating) the mortgage interest deduction; possibly ...
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I'm filing jointly for the first time this year, so I asked a CPA what ...

Business Insider 21 Mar 2025
Another option is to make the payment for the difference directly to the IRS, which needs to be made in the applicable tax year by January 15."Figure out whether you should itemize your deductions.

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