Standard deduction Sentence Examples

You cannot list a charitable donation if you claim the standard deduction on your taxes.

Speak to your tax professional to find out if you should use the standard deduction or itemize your deductions to get the best tax advantage.

After identifying whether you will claim the standard deduction or itemize your deductions, it calculates the total amount of tax you will owe for the year.

The standard deduction is a set amount of money that almost every taxpayer can claim on their return.

In 2010, the standard deduction was $5,700 for single persons and married couples filing separately, $8,400 for heads of households and $11,400 for married couples filing jointly and qualified widows and widowers.

The amount of the standard deduction varies depending on the taxpayer's marital and filing status.

In 2010, single taxpayers could claim a standard deduction of $5,700, and married couples filing jointly $11,400.

This section is also where you claim either the standard deduction or itemize your deductions.