Which Factors Affect Your Choice Between Claiming Itemized Deductions and the Standard

question 40

Multiple Choice

Which factors affect your choice between claiming itemized deductions and the standard deduction?

• A)Home ownership,as mortgage interest may exceed the standard deduction
• B)More deductible expenses this year than last year,as a result of unforeseen circumstances or planned "bunching" of deductions
• C)Ease and simplicity of filing
• D)Year long recordkeeping to thoroughly and accurately document itemized deductions
• E)All of the above

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