Standard Deduction or Itemized Deductions?

To simplify this question, first, you need to know what is the standard deduction for your situation? The 2022 Standard Deduction for Single or Married filing separately is $12,950, for Married filing jointly orQualifying surviving spouse is $25,900, and Head of...

To Itemize Or Not To Itemize? That Is The Question…

Now we come to the part where you must decide if you should take the standard deduction or itemize your deductions. Are you looking at the previous statement like a deer in headlights because you’re not quite sure what a deduction is? It’s ok. I got you. Basically, a...