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Standard tax deduction amounts bumped up for 2014

January 3, 2014 by OSYB Staff

The new standard deduction for 2014 has increased. Even though the itemized deductions are available and possibly can get you more tax relief over 2/3 of taxpayors use the standard deduction on a schedule A form. You should choose the deduction method that offers you the most deductions. Read more here. 

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