Question
Which of the following is true about standard deductions?
A. They are tax breaks that you can claim without having to itemize
B. They are listed just above the total taxable income on the 1040 tax form
C. They reduce your tax bill rather than your taxable income
D. You must itemize in order to take advantage of this deduction
A. They are tax breaks that you can claim without having to itemize
B. They are listed just above the total taxable income on the 1040 tax form
C. They reduce your tax bill rather than your taxable income
D. You must itemize in order to take advantage of this deduction
Answers
A. They are tax breaks that you can claim without having to itemize
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