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.
Other than above-the-line deductions covered above, the rest are tax breaks you can only take if you itemize. In effect, by itemizing you're foregoing the standard deduction (you canât get both), and opting to take the specific deductions you list on your tax return. Some of the more common itemized deductions include: 1  Mortgage expense â This can include mortgage interest and mortgage insurance premiums. 2  Other taxes â You may be able to deduct the amount youâve paid previously for personal property taxes, state and local taxes and real estate taxes.