when filing your federal tax return, which will cause taxes to be lower?

Expert Solution

Ans: When filing your federal income tax return,Generally standard deduction is the appropriate measure through which taxes can be lower

Yes standard deduction is that deduction which every tax payer is eligible to get as discount or to lower the income taxes.,whether the filing status is single, married filing jointly, head of households

for 2020 the limit for the following taxpayer category are as follows:

Single= 12,400

Head of household= 18,650

Married filing jointly= 24,800

Besides the standard deduction, if a taxpayer has more itemized deduction, then he should opts itemized deductions rather than the standard deduction;

ekkarill92 answered 2 years ago

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