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Schedule CR Income Tax Individual  Form

Schedule CR Income Tax Individual Form

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hi folks I'm Hector Garcia I'm a CPA and a professional tax preparer I want to talk to you about the differences between itemizing deductions and taking the standard deduction for some context here in the year 2018 after the tax law changed the standard deduction went up to $12,000 for single taxpayers and $24,000 for married filing jointly that is a increase of almost double as you can see 2017 single standard deduction was six thousand just over six thousand dollars for for singles and for married was just over twelve thousand dollars now for head of household that means that you're a single and have at least one dependent those numbers now went to $18,000 anyway so what we're trying to achieve with this video it's trying to determine whether or not it is worth it for us to itemize the deductions which will be done using Schedule A from your personal tax return or should we take a standard deduction in other words we're trying to achiev

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