Comments on: How To Pay Less Tax Using Deductions http://www.taxbrackets.org/how-to-pay-less-tax-using-deductions/ Mon, 09 Apr 2012 15:55:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: admin http://www.taxbrackets.org/how-to-pay-less-tax-using-deductions/#comment-537 admin Mon, 13 Feb 2012 11:51:44 +0000 http://www.taxbrackets.org/?p=408#comment-537 Brandon - yes they do. In 2012 the standard deduction is $11,900 for married couples filing a joint return, up $300 from 2011. The standard deduction is $5,950 for singles and married individuals filing separately (up $150) and $8,700 for heads of household (up $200). The IRS report that "nearly two out of three taxpayers take the standard deduction, rather than itemizing deductions, such as mortgage interest, charitable contributions and state and local taxes." Brandon – yes they do.

In 2012 the standard deduction is $11,900 for married couples filing a joint return, up $300 from 2011. The standard deduction is $5,950 for singles and married individuals filing separately (up $150) and $8,700 for heads of household (up $200).

The IRS report that “nearly two out of three taxpayers take the standard deduction, rather than itemizing deductions, such as mortgage interest, charitable contributions and state and local taxes.”

]]> By: Brandon http://www.taxbrackets.org/how-to-pay-less-tax-using-deductions/#comment-536 Brandon Mon, 13 Feb 2012 11:48:58 +0000 http://www.taxbrackets.org/?p=408#comment-536 Do the standard deductions amounts change every year? Do the standard deductions amounts change every year?

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