This document describes a multiplexed fluorescence microscopy method (MxIF) that enables quantitative analysis of multiple protein and nucleic acid targets in formalin-fixed paraffin-embedded tissue samples. The method uses a chemical solution to inactivate fluorescent dyes after each imaging round, allowing reuse of common dyes in iterative staining and imaging cycles. This overcomes limitations of standard fluorescence microscopy by permitting high levels of multiplexing. The document demonstrates applications of MxIF including analysis of 61 protein markers in colorectal cancer samples at single-cell resolution, revealing extensive tumor heterogeneity.