If you are required to itemize your deductions on your tax return, you can keep track of your expenses with a simple Excel spreadsheet. This has several advantages: you can make as many backups as ...

shapecharge / Getty Images Itemized deductions can reduce your taxable income, lowering the amount of tax you owe. However, they require careful tracking of your eligible expenses and are often ...

Schedule A is divided into seven sections: medical and dental expenses, taxes you paid, interest you paid, gifts to charity, casualty and theft losses, other itemized deductions and a section for ...