MoneyTipsShould you itemize deductions or take the standard deduction for tax year 2019 (the taxes you will file in early 2020)? Tax legislation in the past few years has made the standard deduction the best option for many, but don't assume that is true for you. First, make sure the standard deduction is even an option that you can take. Assuming you are eligible, find the standard deduction for your filing status. The Tax Cuts and Jobs Act of 2017 (TCJA) almost doubled the standard deduction to $...

Source: Daily Sun February 08, 2020 12:45 UTC