B the standard deduction
Since the standard deduction of $12,950 is higher than the sum of his itemized deductions ($7,250), Peter should choose the standard deduction.
b.) Peter Quill filed his taxes in 2022. The standard deduction in 2022 was $12,950. The sum of all of his itemized deductions (church offering,
dental/medical expenses, student loan interest) was $7,250. When filing his taxes, Peter should choose
A to itemize his deductions
B the standard deduction
1 answer
B the standard deduction
Since the standard deduction of $12,950 is higher than the sum of his itemized deductions ($7,250), Peter should choose the standard deduction.