To calculate, adjust for allowances and use IRS tax tables based on income and status ... you’re likely to see the following deductions: Federal income tax withheld State income tax withheld ...

When you fill out your annual federal income tax return ... for Form 1040 typically include a table to help you calculate the standard deduction available to you based on when you (and your ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter ...

D.C., over negotiations on lifting the $10,000 cap on federal tax deductions for payment of state and local taxes (SALT). Taxpayers can itemize their deductions to take advantage of reducing their ...