When it comes to taxes, dependents can affect your return in ways many families don't expect. Whether you're claiming a young child, a college student or an aging parent, understanding how deductions ...

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 ...

Each year when it’s time to file your federal income tax return, you must make an important decision: Claim the standard deduction or itemize. You can’t do both—you have to pick just one. Fortunately, ...

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