7 Tax Tips: Standard Deduction Vs. Itemized Deduction
4 minutes read
The answer to the question is clear: “whatever gets me back a bigger refund”. But how do you know when it is beneficial to itemize your deductions over taking the standard deduction? Each year, thousands of taxpayers miss out of millions of dollars in additional refunds because they make a mistake in this area–usually because they choose the standard deduction over itemizing. The two major reasons for making this mistake is 1) they are used to filing...