Taxpayers have the option of using the standard deduction or to itemize their deductions. Taking the standard deduction requires no supporting documentation. Itemizing deductions requires you keep up with your documentation and is not the best option if they are less than the standard. Note: I hear many clients say that they “can’t use” their deductions – this is not necessarily true. It is simply that the tax code gives you more as a standard deduction than you have in deductions. Essentially, this means you are getting free money. The Standard DeductionThe table below shows the amount of standard deduction that can