Can anyone opt for standard and itemized deductions at the same time?
Date: Thu, 02/16/2017 - 21:19
I have heard the names standard deduction and itemized deduction. Can it be combined for tax preparation?
No!
No!
You can either take the standard deduction or itemize your deductions
Go for the right one which helps to lowers your tax the most.
Your pick can make a big difference in your tax return. Approach a tax professional for the best advice.
I agree with sanderspatricia.
I agree with sanderspatricia.
Make sure you list all the deductions you're eligible for if you're opting for itemized deduction.
