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2. 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.

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

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

   Itemized Deductions If you itemize deductions, you lower your taxable income from a list of qualifying expenses that were approved by the IRS.

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

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

   Read on to learn all about how standard and itemized tax deductions work, how they differ from tax credits and what you can do to maximize your tax deductions.

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

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

   Large contributions to qualified charities Most tax software can help you itemize your deductions. You’ll report the expenses on Schedule A, Itemized Deductions when filing your income tax return.

6. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   The United States federal state and local tax (SALT) deduction is an itemized deduction that allows taxpayers to deduct certain taxes paid to state and local governments from their adjusted gross income. The SALT deduction intent is to avoid double taxation by allowing taxpayers to deduct state and local taxes from their federal income.

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 ...