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The Standard Deduction Is the Maximum Amount of Itemized Deductions

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The standard deduction is the maximum amount of itemized deductions which may be claimed by a taxpayer and is based on an individual's filing status,age,and vision.


Definitions:

Pizza Buffet

A dining establishment offering an all-you-can-eat selection of pizzas along with possibly other foods and beverages, for a set price.

Flat Rate

A fixed charge or fee that does not vary with the quantity of the service or goods provided.

Clientele

The clients or customers served by a professional or a business.

Employer-provided Health Insurance

Health insurance coverage offered to employees (and often their dependents) as part of an employment benefits package.

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