9/19/2023 0 Comments Az income tax table for 2016![]() To help you estimate your itemized deductions, here is a list of some of the more popular deductions that are only available to itemizers. If not, the standard deduction amount is the best bet. If the total of all of your itemized deductions is more than the standard deduction amount, it's beneficial to itemize. Itemized deductions refer to the actual amount of deductible items you have. ![]() For 2016, the following standard deduction amounts apply. The standard deduction is simply a set amount that any taxpayer is allowed to deduct, whether or not they actually had any deductible items at all. Īnd the Personal Exemption Disappears Completely Above.ĭeductions: standard and itemized Taxpayers have two choices when it comes to deductions: standard or itemized. The Personal Exemption Begins to Phase Out at AGI of.
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