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6 Tax Deductions You Can Claim Without Itemizing


You have two choices for claiming deductions on your tax return: You can go with the standard deduction the IRS allows you to take or itemize your deductions in the hope of scoring a higher tax break in the process.

For your 2019 tax return (the return you're filing this year), the standard deduction is:

For itemizing to make sense, you would therefore need your deductions to exceed the above threshold that applies to you. But there are some tax deductions you're allowed to claim even if you don't itemize on your return. These deductions are known as adjustments to income and could result in some serious savings.

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Source Fool.com


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