Taxpayers are free to choose the me

Taxpayers are free to choose the method (standard or itemized deductions)
that maximizes their deductions and minimizes their tax bill. Most home
owners have sufficiently high mortgage interest and property tax payments
that it makes sense to itemize. Jack has paid $6,000 in interest on his mortgage,
paid $2,500 in state and local taxes, and has given $500 to charity, so his itemized
deductions total $9,000. Because this amount is less than the standard
deduction for married couples ($11,400), he chooses the standard deduction.
Nationwide, 65% of taxpayers chose the standard deduction in 2008, with the
remaining 35% using itemized deductions.3
The remainder after subtracting exemptions and deductions from AGI is
called taxable income. Jack’s taxable income is $28,350

Hasil (Inggris) 1:

Taxpayers are free to choose the method (standard or itemized deductions)that maximizes their deductions and minimizes our their tax bill. Most homeowners have sufficiently high mortgage interest and property tax paymentsthat it makes sense to itemize. Jack has paid $ 6.000 in interest on his mortgage,paid $ 2.500 in state and local § taxes, and has given $ 500 to charity, so his itemizeddeductions total $ 9.000. Because this amount is less than the standarddeduction for married couples ($ 11,400), he chooses the standard deduction.Nationwide, 65% of taxpayers chose the standard deduction in 2008, with thethe other 35% using itemized deductions 3.The remainder after subtracting exemptions and deductions from AGI iscalled taxable income. Jack's taxable income is $ 28.350

Hasil (Inggris) 2:

Taxpayers are free to choose the method (standard or itemized deductions)
that maximizes Reviews their deductions and minimizes Reviews their tax bill. Most home
owners have Sufficiently high mortgage interest and property tax payments
that it makes sense to itemize. Jack has paid $ 6,000 in interest on his mortgage,
the paid $ 2.500 in state and local taxes, and has given $ 500 to charity, so his itemized
deductions total $ 9,000. Because this amount is less than the standard
deduction for married couples ($ 11.400), he chooses the standard deduction.
Nationwide, 65% of Taxpayers chose the standard deduction in 2008, with the
remaining 35% using itemized deductions.3
The remainder after subtracting exemptions and deductions from AGI is
called taxable income. Jack's taxable income is $ 28.350