Reported about 11 hours ago
As Tax Season 2025 kicks off, taxpayers must choose between itemized deductions and the standard deduction. In a discussion led by Yahoo Finance's Molly Moorhead, the differences between these options are explored, along with tax credits like child tax and childcare credits that provide further savings. Itemized deductions, which can include mortgage interest, medical expenses, and charitable donations, may be more advantageous for those with high expenses.
Source: YAHOO