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  2. The IRS just announced next year’s standard deduction, and it could help cut your tax bill. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...

  3. 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 ...

  4. 2019 Standard Deduction: How Much Bigger Did It Get? - AOL

    www.aol.com/news/2019-standard-deduction-much...

    This tax break is growing, but not as much as it did last year.

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

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

    The changes in the law caused more taxpayers to file using the standard deductions. In 2019, 13.7% of taxpayers itemized their deductions, compared to 31.1% before the law changes, according to ...

  6. Tax Cuts and Jobs Act - Wikipedia

    en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act

    For single filers, the standard deduction will increase from $6,350 to $12,000. About 70% of families choose the standard deduction rather than itemized deductions; this could rise to over 84% if doubled. The personal exemption is eliminated—this was a deduction of $4,050 per taxpayer and dependent, unless it is in an estate or trust. [19 ...

  7. State and local tax deduction - Wikipedia

    en.wikipedia.org/wiki/State_and_local_tax_deduction

    The bill also increased the standard deduction, which significantly reduced the number of taxpayers who claim the SALT deduction. [25] As a result of the bill, the cost of the SALT deduction decreased from $104 billion in 2017 [26] to $10.4 billion in 2019. [27]

  8. 5 Tax Deductions That Could Save You Big Bucks in 2019 - AOL

    www.aol.com/news/5-tax-deductions-could-save...

    Take advantage of standard deductions, HSA contributions, and other breaks to lower your tax bill.

  9. 9 things you didn't know were tax deductions - AOL

    www.aol.com/finance/2019-02-06-9-things-you...

    Few realizations are more painful than realizing that you forgot to include a tax deduction that would have increased your tax refund on your tax return. 9 things you didn't know were tax ...

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