What Are Some Personal Tax Deductions When Filing Income Tax?
american flag with ben franklin image by Richard Kane from Fotolia.com jQuery(document).ready(function(){ jQuery(‘#jsArticleStep1 span.image a:first’).attr(‘href’,’http://i.ehow.com/images/a06/ev/le/personal-deductions-filing-income-tax_-1.1-800X800.jpg’); }); U.S. Revenue rewards military service with several tax deductions. A tax deduction, sometimes called a write-off, reduces the amount of gross income on which you must pay taxes. Deductions are granted as a means to encourage activities and behaviors the government finds desirable. Free assistance from the Internal Revenue Service (IRS) is available at IRS.gov or by phoning 800-829-1040. Itemized vs. Standard Deductions Every household in the United States receives a standard flat-rate deduction right off the bat. If your deductions are higher than the amount granted, you may list them and claim full credit. If your deductions are lower, you may claim the standard amount anyway. For a single person, or for a married person filing
