If you think you have mastered the material in this chapter, take our quiz. Fill in your answers and click "submit." Your scored answers will appear below.You should itemize deductions rather than claim the standard one when:You get married.You have enough separate, tax-deductible expenses to surpass your standard deduction amount.You incurred a lot of doctor bills.Your standard deduction amount is based on:Your filing status.Your adjusted gross income.Which tax return you file.You can claim an exemption for:Each person who qualifies as a dependent.Only your children.Your brother to whom you send $500 per month. advertisementRelated Links:Deducting theft lossesRecovering FICA paymentsFSAs cut taxesRelated Articles:Expenses cut tax billReport investment incomeEstimated quarterly taxes
If you think you have mastered the material in this chapter, take our quiz. Fill in your answers and click "submit." Your scored answers will appear below.
You should itemize deductions rather than claim the standard one when:
Your standard deduction amount is based on:
You can claim an exemption for:
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.