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Ian Atkins, Analyst and staff writer at Fit Small Business

“Is it more effective to itemize or accept the standard deductions? The answer to that depends. It helps to start by seeing what the standard deductions will be. If you have a lot of mortgage interest, make significant charitable contributions, have significant out of pocket medical expenses, have qualified job expenses that weren’t reimbursed to you, or have significant state & local income or sales tax you may want to consider itemized deductions.”

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