tax and deductions – The Burns Firm – Advisors of Complex Financial Matters

Taxpayers Should Know the Difference Between Standard and Itemized Deductions

February 12th, 2020|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2019 tax return preparation, CPA, Dallas CPA, form 1040 deductions, itemized tax deduction, standard tax deduction, tax, tax accountant, tax and deductions, tax deductions, tax filing, tax return filing, The Burns Firm|

Information from irs.gov Should you file using the standard deduction, or should you itemize your deductions? Deductions reduce the amount of taxable income when filing a federal income tax return. [...]