If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Whether you choose to complete your tax return this year by hand, the old-fashioned way, with a multimedia interactive software package online, or by enlisting the help of a licensed tax professional, you need to be aware of the tax [...]

What’s the difference between claiming a standard deduction vs average itemized tax deductions?  Can those being single itemize versus only the married itemizing?
Deductions are expenses the IRS allows you to subtract from your taxable income, lowering your overall tax bill. There are two ways to file deductions – using the standard deduction, and “itemizing.”
Standard Deductions
Every [...]