Standard Deductions and more popular than Itemized Deductions as the individual filing the tax return does not need to spend time and energy wading through the list of allowable expenses.
Not everyone can elect to use the Standard Deductions, your circumstances and how your partner have filed their tax return can affect your right to use Standard Deductions. In order to use Standard deductions:
You can calculate how Standard Deductions affect your tax payments here, simply select the advanced tax calculator and enter your Standard Deductions details
Contact us if you would like to expand on the Standard Deductions information shown or share your personal experiences of how Standard Deductions have affected your tax return. Have Standard Deductions helped you pay less tax? If you are a website owner, Independent Financial Advisor etc, we will provide a link back to your website in recognition of your support.