Schedule A Itemizing Vs Standard Deductions

  • Number of students: 118
  • Teacher: Debbie Manning
  • Level: Advanced
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Most taxpayers have a choice of either taking the standard deduction based on their filing status or

itemizing their deductions on Schedule A, Itemized Deductions. Taxpayers who have the choice may

use the method that allows them to pay the lower tax.

Itemized deductions are subtractions from a taxpayers' adjusted gross income (AGI) that reduce the amount of income that is taxed. Generally, taxpayers should itemize deductions if their total allowable deductions are more than the standard deduction amount.

Some of the deductions on Schedule A are limited, based on the taxpayer’s adjusted gross income

(AGI). 

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