Standard vs. Itemized Deductions | Which one is better for your taxes in 2021?
If you’ve filed taxes before then you’ve heard the term “standard deduction” or “itemized deduction”. Have you ever wondered what the difference was and why it even matters? If so, watch this video because I’m going to break down the difference between standard deductions and itemized deductions for you and hopefully give you a little bit more clarity about this tax topic before it’s time for you to file your taxes this year in 2021.
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0:00 What to expect from this video
0:38 Standard Deduction
0:58 A look at the 1040 Tax Form
1:54 What does the Standard Deduction do?
2:31 Itemized Deductions
3:08 Itemized Deductions you can take
5:42 Conclusion
6:40 How we can help with your taxes
#taxhelp #standardvsitemizeddeductions #taxdeductions
