standard deduction\ncarlos cant claim the standard deduction and itemized deductions at the same time. he…
standard deduction\ncarlos cant claim the standard deduction and itemized deductions at the same time. he needs to make a choice.\nwhich type of deduction should carlos claim?\nselect a response.\nstandard deduction for $15,000.\nitemized deductions for $917.
Answer
Brief Explanations:
To minimize tax - liability, one should choose the deduction that results in a larger reduction of taxable income. Since $15000>917$, the standard deduction of $15000$ will reduce taxable income more than the itemized deduction of $917$.
Answer:
Standard Deduction for $15,000.