The Standard Deduction vs. Itemizing Your Tax Return | Which Is Best?

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Here's what we're talking about in this video:

▶︎ What is the standard deduction?

▶︎ What does it mean to itemize your taxes?

▶︎ How to reduce your tax bill without itemizing your taxes.

▶︎ Strategic planning to "load up" when you're planning to itemize.

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It's a great video that made me cristal clear to understand between this two terms. In this 2024, I'm going to do with freeTx usa, focusing your other video, let's see. thanks.

mohammeduddin
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Do Pre-tax retirement & tithe all count towards itemizing? So, for simplicity of calculations, if both spouses contribute $10k to each of their retirement funds & they tithe $10k to their church, that equates to $30k, which beats the $27.7k standard, right? Meaning they should itemize.

toothybj
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Great video, concise and informative!

BTBwebstudio
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Thanks for the video!! helped me a lot

lemontap
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What form do I fill out for either situation?

ncp
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theres no millenials in school anymore...?

coryf