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hoosing the standard deduction or itemized deductions The IRS allows you to reduce your adjusted gross income by either the amount of your standard deduction

hoosing the standard deduction or itemized deductions
The IRS allows you to reduce your adjusted gross income by either the amount of your standard deduction based on your filing status, or by the sum of your itemized deductions.
The following statement refers to deductions from adjusted gross income.
Specific tax-deductible expenses that reduce adjusted gross income are called .
The U.S. Individual Income Tax Return (Form 1040) Schedule A lists six areas of itemized deductions. Which of the following can be included in itemized deductions? Check all that apply.
Casualty and theft losses not paid by insurance
Interest you paid
Unemployment compensation
Taxes you paid
Gifts to charity

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