A New Angle On the 2011 Standard Deduction

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Standard Deduction 2011:

It is the easier of the two deduction methods, and it is a better option for you if your tax situation is not made complicated by things such as property ownership, mortgages, medical expenses, and others. The task of filing tax returns can be a lot more difficult and confusing if you choose to itemize deductions, because you have to collect all the receipts and documents that are related to the deductions and make a lot of calculations. The standard deduction method eliminates the need for you to go through all that hassle, saving you a lot of time and effort. If you decide to use the standard deduction method, you are not allowed to itemize deductions.

Is that all you wanted to know about the 2011 standard deduction.

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