What are itemized deductions and how do they work?

According to the IRS, 87% of American taxpayers claim the standard deduction when filing their taxes, because it’s easy, there’s less paperwork to keep track of, and under President Trump’s Tax Cuts and Jobs Act of 2017, the standard deduction is worth twice as much as before. But if you’re a…#itemized #taxcutsandjobsact #supremecourt #vgroetzinger #salt #irsfilingstatus2023 #marriedfilingjointly #schedulea
Source: Reuters: Health - Category: Consumer Health News Source Type: news