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You greatly need to select between utilizing the standard deduction (the flat amount of tax) and or claiming the actual allowable tax deductions which is called as the tax itemizing in each and every year that you file your income tax return. You will save money if in any case that the actual expenses exceeds [...]

To figure your itemized deduction you will need to fill in a 1040 schedule A form to itemize all the deductions you are entitled. Itemized Deductions Your deductions include: medical expenses dental expenses taxes you paid which include – state and local general sales tax real estate taxes personal property taxes interest you’ve paid on [...]