Talk:Standard deduction

Untitled

Can one use Standard deduction while using Flexible spending accounts ?

See Flexible_spending_account#Advantages_and_disadvantages_of_all_FSAs, only expenses in excess of 7.5% of AGI are itemizable. So the answer is no.

Have Gun, Will Travel 04:06, 11 January 2007 (UTC)[reply]

This article has some problems.

"Individual taxpayers in the United States are allowed a choice"

well married taxpayers are allowed the same choice.

"After computing their Adjusted gross income (AGI), taxpayers can itemize when preparing their Federal income tax returns. After computing their Adjusted gross income (AGI), taxpayers can itemize their deductions (from a list of allowable items) and subtract those itemized deductions (and any applicable personal exemption deductions) from their AGI amount to arrive at their taxable income amount.

funny, I thought this article was Standard deduction; there already is an itemized deduction article. It's not like the law isn't confusing already...

I'll try to begin an overhaul. Have Gun, Will Travel 04:06, 11 January 2007 (UTC)[reply]

Dear Have Gun, Will Travel: The term "individual" as used in the article does not mean "unmarried." The term is being used in the technical tax law sense (e.g., 26 U.S.C. § 1) of a living human (as opposed to a corporation, etc.), as in: some individuals are unmarried and other individuals are married.

I made some edits the other day, and I agree with you that these articles need some work. Yours, Famspear 15:20, 11 January 2007 (UTC)[reply]

Yes that's right. The problem begins in the tax law (and instructions) themselves: Form 1040 for Individuals. So a causual reader trying to get some better advice comes here on the standard deduction and gets more instructions for itemizers than what the standard deduction is. I think we can do better. And in tax season, it's sort of prioritizing things. Might as well start somewhere simple. Have Gun, Will Travel 22:44, 12 January 2007 (UTC)[reply]

Information request

What percentage of Americans can itemize and beat the standard deduction? How does that number change when you break it down by income level? MrZaius^talk 13:33, 10 April 2007 (UTC)[reply]

Updates for 2008

How about updating for 2008 and using only one table? 69.255.250.110 (talk) 01:54, 29 November 2008 (UTC)[reply]

History

When did the standard deduction option begin.. or has it always been there? — Preceding unsigned comment added by 32.97.110.61 (talk) 22:39, 24 January 2012 (UTC)[reply]

Assessment comment

The comment(s) below were originally left at Talk:Standard deduction/Comments, and are posted here for posterity. Following several discussions in past years, these subpages are now deprecated. The comments may be irrelevant or outdated; if so, please feel free to remove this section.

==WP Tax Class==

Start class because the article could use a section on history and impact.EECavazos 20:54, 13 November 2007 (UTC)[reply]

==WP Tax Priority==

Low priority because the article is on a factor that calculates taxation in a country. However, the article may have high traffic and so on that account the priority may go to mid.EECavazos 20:55, 13 November 2007 (UTC)[reply]

Last edited at 20:55, 13 November 2007 (UTC). Substituted at 06:53, 30 April 2016 (UTC)