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Unlike the standard deduction, itemized deductions result in different taxable income amounts from person to person. Those who qualify for the standard deduction have the leeway to choose the itemized route; however, individuals who are not eligible for the standard deduction can only itemize their tax deductions.
ing this lesson on standard deductions and the Itemized Deductions lesson, you will be able to subtract the. appropriate deduction from the taxpayersâ adjusted gross income to figure their taxable income. Some taxpayers may need to use the standard deduction worksheet in the. Form 1040 Instructions. Objectives. At the end of this lesson, using your resource materials, you will be able to: â¢ Determine the standard deduction amount for most taxpayers. â¢ Determine the standard deduction amount for taxpayers claimed as.