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Most Overlooked Tax Deductions

Content provided by H&R Block

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Tax Tips from H&R Block

Overview

  • Most people qualify for the standard deduction: $5,350 for Single and Married Filing Separately, $10,700 for Married Filing Jointly and Qualifying Widow(er), and $7,850 for Head of Household.
  • If itemized deductions are more than the standard deduction, itemizing will save you more.
  • You can claim above-the-line deductions whether you itemize or not.
  • Schedule C filers may qualify for additional deductions.

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