4 Above-the-Line Deductions for Taxpayers Who Don’t Itemize

2023-05-11T15:35:01-04:00March 8th, 2021|Blog, Taxes|

4 Above-the-Line Deductions for Taxpayers Who Don't Itemize By: Stacey Nickens The 2017 tax reform legislation increased the standard deduction, such that few taxpayers itemize their deductions. In 2020, the standard deduction is $12,400 for single filers and $24,800 for joint filers. Few taxpayers will accumulate enough individual deductions to exceed the standard deduction [...]