What are standard and itemized deductions?

SOLVED•by TurboTax•Duration 1:05•399•Updated January 24, 2022

Related Information:

How does the Standard Deduction differ from itemizing deductions?
How do I change from the standard deduction to itemized (or vice-versa)?
Can I still itemize my deductions?
What is a Section 179 deduction?
What are state and local tax deductions?

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