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2. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   If the taxpayer is otherwise eligible to file a shorter tax form such as 1040EZ or 1040A, he or she would prefer not to prepare (or pay to prepare) the more complicated Form 1040 and the associated Schedule A for itemized deductions. The standard deduction is not allowed for calculating the alternative minimum tax (AMT). If the taxpayer claims ...

3. 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 ...

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

   www.aol.com/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 ...

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

   www.aol.com/itemized-deductions-184746315.html

   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 ...

6. Form 1040 - Wikipedia

   en.wikipedia.org/wiki/Form_1040

   Type Explanation Lines where schedule is referenced or needed in Form 1040 or associated numbered schedule (2021) Schedule A Itemizes allowable deductions against income; instead of filling out Schedule A, taxpayers may choose to take a standard deduction of between $6,300 and $12,600 (for tax year 2015), depending on age, filing status, and whether the taxpayer and/or spouse is blind.

7. 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 ...