Comparison of the accounting and tax treatment of interest expense may reveal crucial differences and lead to best practices ...

If you had substantial health care expenditures last year, you may be able to deduct some of them from your taxable income.

Commuting expenses incurred between your home and your main place of work, no matter how far, are not an allowable deduction. Costs of driving a car from home to work and back, again, are personal ...

The IRS says that you should take the itemized deduction "if the total amount of your allowable itemized deductions is greater than your standard deduction" or if you can't use the standard deduction.