When You Should Itemize Your Taxes
by Alicia Adamczyk on Two Cents, shared by Alicia Ada from Lifehacker on (#47YE9)
One of the biggest questions this tax season is whether to take the standard deduction, a flat reduction in your adjusted gross income, or to itemize, or use applicable tax deductions to lower your AGI. Obviously, you'll likely want to choose whichever lowers your AGI the most, so you pay less in taxes.