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2. Should you itemize or take a standard deduction on your tax ...

   www.aol.com/news/itemize-standard-deduction-tax...

   When tackling your taxes, it can sometimes be hard to figure out whether to opt for a standard deduction or itemize. According to tax pros, itemizing generally only makes sense if your itemized ...

3. What Is the Standard Deduction Amount for 2022-2023 and ... - AOL

   www.aol.com/finance/difference-between-standard...

   For filers using Form 1040-SR, U.S. Tax Return for Seniors, the standard deduction is on page 4. Itemized Deductions. If you itemize deductions, you lower your taxable income from a list of ...

4. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

5. The Pros and Cons of Standard vs. Itemized Tax Deductions - AOL

   www.aol.com/news/pros-cons-standard-vs-itemized...

   Read on to discover the pros and cons of a standard deduction vs. itemized deduction to decide which approach is best for you. It shields a portion of your earnings from income tax. While the ...

6. Tax Credits or Tax Deductions: Which Will Save You More? - AOL

   www.aol.com/tax-credits-tax-deductions-save...

   Standard Deduction vs. Itemized Deductions. The standard deduction makes it easier to do your taxes because it’s a flat amount — $14,600 for individual filers ($29,200 for married joint filers ...

7. 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.

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

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

   The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are standard deductions — a flat rate — or itemized.

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

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

   Itemized deductions Itemizing is worth doing if all of your deductions add up to more than the amount of the standard deduction that applies to you. In this case, you’ll owe less taxes and ...