If you enjoy posting pictures to social media websites using the camera on your Android smartphone, a monopod is a useful phone accessory. The sellers on eBay offer a wide range of these selfie sticks, making it easy to find the one you want.
There are two ways you can take deductions: you can itemize deductions or use the standard deduction. Deductions reduce the amount of your taxable income. The standard deduction amount varies depending on your income, age and filing status, and changes each year; see Topic 551 for more information. Certain taxpayers cannot use the standard deduction: 1  A married individual filing as married filing separately whose spouse itemizes deductions.
Itemized deductions are expenses allowed by the Internal Revenue Service (IRS) to decrease a taxpayerâs taxable income. Itemized deductions allow taxpayers to list out qualified expenses on their tax return, the sum of which (based on their tax bracket) is used to lower their adjusted gross income (AGI). Itemizing can result in a larger reduction of taxable income if a taxpayer's final itemized deductions, based on their tax bracket, exceed the amount of the standard deduction. Not all filers have the option to choose whether to itemize their deductions or claim the standard deduction.