You have two options when completing a tax return, take the standard deduction or itemize your deductions. It is best to use the option that gives you the lowest overall tax.
Because to the increases to the standard deduction, those who itemized in the past might want to switch to the standard deduction.
CONTACT US TODAY and we will advise you on which deduction should you choose for your 2021 tax returns.
Sincerely,
Maryna Varabyova, CPA
(877) 677-3737
info@vmtaxcpa.com
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