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The standard deduction is one of the most important — and misunderstood — parts of your tax return. In this video, we explain what the standard deduction is, how it works, and who should take it instead of itemizing deductions. In this video, you’ll learn: ✅ What the standard deduction means ✅ How it reduces your taxable income ✅ Who qualifies for the standard deduction ✅ Standard deduction vs. itemized deductions ✅ Common mistakes taxpayers make Whether you’re filing your own return or working with a tax professional, understanding the standard deduction can help you pay less in taxes and avoid costly errors. 📖 Want More Tax & Money Tips? Visit our blog 👉 https://www.jmc-accounting.net 🗓️ New posts every Monday, Wednesday, and Friday 📲 Follow Us for Daily Tax Tips Instagram & TikTok 👉 @jmc_accounting 🔔 Support the Channel 👍 Like the video 💬 Comment with your tax questions 🔔 Subscribe for weekly tax and accounting insights #StandardDeduction #TaxBasics #TaxTips #PersonalTaxes #CPAAdvice #IRS #TaxEducation #FileYourTaxes