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As an American taxpayer you are allowed the greater of the standard deduction or your itemized...

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Accounting

As an American taxpayer you are allowed the greater of thestandard deduction or your itemized deductions. Select on itemizeddeduction and discuss it. You should each pick one itemizeddeduction to discuss.

**The answer is 1 page or less**

**You must have a citation to either the text book or toanother independent source. Please cite your source using eitherthe APA or the MLA style. Internet sources such as those having"Fool", "opedia", "For Dummies" etc. are notacceptable**

Answer & Explanation Solved by verified expert
4.1 Ratings (687 Votes)
Itemized deductions are deductions that permit taxpayers who qualify to deduct more from their adjusted gross income than they could using the standard deduction Complicated rules govern which goods and services contributions and other expenses    See Answer
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