Taxes 2016-Standard Deduction

Earlier I posted about Itemized deductions on your 2016 taxes. If you did not spend a lot of money, the IRS gives you an automatic deduction:  Standard deduction. It is easy to understand, but if you have more technical questions, contact me and I ll answer your questions or visit the IRS and read publication 551 (67 pages)

Below is an image explaining the amount you get if you are not using the itemized deduction.

 

IRS
Taxes 2016 Standard Deduction

This post is not as long as the Itemized deduction post because it is simpler to understand.

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