Most taxpayers have a choice of either taking a standard deduction or itemizing their deductions.
The standard deduction is a dollar amount that reduces the amount of income on which you are taxed. It is a benefit that eliminates the need for many taxpayers to itemize actual deductions, such as medical expenses, charitable contributions, and taxes, on Schedule A of Form 1040. The standard deduction is higher for taxpayers who are 65 or older or blind. If you have a choice, you should use the method that gives you the lower tax. You benefit from the standard deduction if your standard deduction is more than the total of your allowable itemized deductions.