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  2. What Are Itemized Deductions and How Do They Work? - AOL

    www.aol.com/itemized-deductions-010031837.html

    The 2017 Tax Cuts and Jobs Act changed the rules when it comes to standard vs. itemized deductions by nearly doubling the standard deduction and eliminating or cutting back many itemized ...

  3. Confused About Tax Deductions? Here's A Simple Guide To How ...

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    Other deductions that have been suspended or eliminated include work-related expenses, tax preparation fees and a host of other miscellaneous expenses. Common Itemized Tax Deductions

  4. What Is a Tax Deduction and How Do Tax Deductions Work? - AOL

    www.aol.com/tax-deduction-tax-deductions...

    Standard Deduction for Tax Years 2020 and 2021. Filing Status. Deduction for Tax Year 2020. Deduction for Tax Year 2021. Single. $12,400. $12,550. Married, filing jointly

  5. Itemized deduction - Wikipedia

    en.wikipedia.org/wiki/Itemized_deduction

    Under United States tax law, itemized deductions are eligible expenses that individual taxpayers can claim on federal income tax returns and which decrease their taxable income, and are claimable in place of a standard deduction, if available. Most taxpayers are allowed a choice between itemized deductions and the standard deduction.

  6. Taxes 2023: Here's how to know if you should itemize - AOL

    www.aol.com/finance/taxes-2023-heres-know...

    You’ll report the expenses on Schedule A, Itemized Deductions when filing your income tax return. Doing the math The Internal Revenue Service encourages taxpayers to file their returns online to ...

  7. What Are Itemized Deductions and How Do They Work? - AOL

    www.aol.com/finance/itemized-deductions...

    How much tax you owe depends on your income, but the federal government, through the Internal Revenue Service, allows you to claim deductions that reduce your taxable income and the amount of tax ...

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