2018 Standard Deduction: How Much It Is and Why You're More Likely Than Ever to Use It

It can be complicated to do your taxes, and so any chance you can get to keep things simple is usually much appreciated. The standard deduction is one instance in which the IRS gives you a break, and in the past, about 7 in 10 taxpayers every year have taken advantage of the standard deduction to save time and effort in figuring out what all their itemized deductions would be.