Your current location:HOME >world >Should you itemize or take a standard deduction on your tax return? Here's what to know 正文
TIME:2024-05-21 09:25:00 Source: Internet compilationEdit:world
NEW YORK (AP) — When tackling your taxes, it can sometimes be hard to figure out whether to opt for
NEW YORK (AP) — 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 deductions, taken together, add up to more than the current standard deduction of $13,850 for a single filer and $27,700 for a married couple.
Here’s what you should know:
For the vast majority of tax filers, the standard deduction is the way to go.
“Generally, taxpayers whose total itemized deductions are less than the standard deduction (based on their filing status) will benefit from taking the standard deduction. However, if the taxpayer’s total itemized deductions are greater than their standard deduction, they must itemize,” says Kathy Pickering, chief tax officer at H&R Block.
There are a few exceptions, though, and some things to consider itemizing that people sometimes forget.
Jon Wysocki dead at 53: Staind drummer passes away2024-05-21 08:55
People take part in 52024-05-21 08:33
Ordos wetland in north China's Inner Mongolia2024-05-21 08:23
Taihang mountains attract visitors as leaves change colors2024-05-21 08:08
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk2024-05-21 07:38
Lotus flowers seen across China2024-05-21 06:57
People visit ancient city of Patara in Turkey2024-05-21 06:50
Animals enjoy speical congee for Laba Festival2024-05-21 06:46
Amtrak train hits pickup truck in upstate New York, 3 dead including child2024-05-21 06:43
Xi Extends Congratulations to Yunnan University on Centenary Anniversary2024-05-21 06:39
Verona confirms Serie A status for another year after beating Salernitana2024-05-21 09:07
African lion cubs survive extreme environment of Qinghai2024-05-21 08:52
Malaysian plover seen in Singapore2024-05-21 08:50
Xi Story: A Farmland Visitor and the Vision for China's Food Security2024-05-21 08:20
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car2024-05-21 07:35
Wintersweet flowers seen in Xi'an, northwest China2024-05-21 07:25
Scenery of Xiezi Mountain in China's Shandong2024-05-21 07:20
Lotus flowers at West Lake of Hanoi, Vietnam2024-05-21 06:58
Who is Jacob Zuma, the former South African president disqualified from next week's election?2024-05-21 06:54
China’s national park system starts to yield fruits2024-05-21 06:45