How to Use the Standard Deduction on Your US Tax Return

In this episode, we discuss the standard deduction and how it it used to reduce your taxable income.
We discuss how this deduction works, how it changes on an annual basis, who is eligible to use the deduction, why you should use the deduction, and a brief intro to itemized deductions.
Tune in next week to hear how you can itemize your deductions.
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