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Tax Corner

January 17, 2023 | Weekly Commentary

According to the IRS, one of the first decisions taxpayers must make when completing a tax return is whether to take the standard deduction or itemize their deductions.

When starting the tax process, there are several factors to consider before making a choice, including changes to your tax situation, changes to the standard deduction amount, and recent tax law changes.

Want to learn more on Tax deductions, visit the IRS Tax Basics.