what is the main difference between a standard deduction and an itemized deduction?
a) a stan...
Social Studies, 10.11.2019 04:31 shahfaisal
what is the main difference between a standard deduction and an itemized deduction?
a) a standard deduction is the flat dollar amount taxpayers must add to their taxes. an itemized deduction is based on adding multiple contributions and taxes that have not been yet in the year.
b) a standard deduction is based on adding multiple contributions and taxes that have not been yet in the year. an itemized deduction is the flat dollar amount taxpayers must add to their taxes.
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c) a standard deduction is based on subtracting multiple contributions and taxes already paid during the year. an itemized deduction is the flat dollar amount taxpayers can subtract from their taxes.
d) a standard deduction is the flat dollar amount taxpayers can subtract from their taxes. an itemized deduction is based on subtracting multiple contributions and taxes already paid during the year.
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