What is the main difference between a standard deduction and an itemized deduction?

Question

asked Sep 14, 2021 104k views

1 Answer

Gargron · Answer 1 · 2021-09-19T12:38:59+0000

Answer:

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.

Step-by-step explanation:

.

What is the main difference between a standard deduction and an itemized deduction?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions