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Articles related to standard deduction

Reducing Taxable Income With Standard Deduction
Everyone is entitled to reduce their taxable income by utilizing either the standard deduction or by itemizing their deductions. You always want to choose the ...
Preparing Your 1040 - Standard or Itemized Deductions? - Taxes
Everyone is entitled to reduce their taxable income by tax deductions. You can generally choose between your standard deduction or your itemized deductions,  ...
Itemized Deductions for Form 1040 Schedule A - Taxes - About.com
Itemized deductions refers to a group of tax deductions found on Form 1040 Schedule A. People can claim either the standard deduction or choose to itemize  ...
2009 Tax Figures: Quick Tax Facts - Taxes - About.com
Overview of key tax figures for 2009. Updated amounts for the standard deduction, filing requirements, personal exemption, phaseout ranges for itemized  ...
Deciding Between Itemizing and Standard Deduction
When it comes to reducing your tax burden, itemizing deductions may be the way to go. The standard deduction is certainly easier, and might be a better option if ...
Quick Tax Facts: Important Tax Figures for 2007 - Taxes - About.com
Additional Amount if age 65 or older: $1,050. More information about the standard deduction . * Dependents must calculate their standard deduction using an ...
Additional Standard Deduction for Real Estate Property Taxes
Homeowners who don't have enough itemized deductions to exceed their standard deduction are better off using their standard deduction as that will result in ...
Reduce Your Income Taxes by Itemizing Deductions - Tax Time
Each year when you file your income tax return, you have to choose between using the standard deduction (a flat amount) or claiming your actual allowed ...
Which is Better: the Standard Deduction or Itemized Deductions?
Feb 9, 2009 ... Every taxpayer is entitled to a standard deduction. This is a flat dollar amount that reduces your taxable income, thereby resulting in a lower tax ...
Quick Tax Facts: Important Tax Figures for 2008 - Taxes - About.com
Overview of key tax figures for 2008. Includes standard deduction, personal exemption, phaseout ranges for itemized deductions, and retirement plan ...
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