Most Americans Take the Standard Deduction for Taxes, but Should You Itemize?

[ad_1] This story is part of Taxes 2023, CNET’s coverage of the best tax software, tax tips and everything else you need to file your return and track your refund. “Should I take the standard deduction or itemize?” remains one of the biggest questions asked by American taxpayers every tax season. That question got a lot more difficult after 2017, when the standard deduction was raised considerably. Robert Rodriguez/CNET Deductions are adjustments you declare on…

"Most Americans Take the Standard Deduction for Taxes, but Should You Itemize?"