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The standard deduction is the minimum deduction. A simple calculator indeed should take this into account since it will affect everyone's tax liability. A rec
by TomatoTomato 14y ago
The standard deduction is the minimum deduction. A simple calculator indeed should take this into account since it will affect everyone's tax liability. A recent study showed only about 1/3 of tax returns used itemized deductions [1].
[1]: http://taxfoundation.org/article/most-americans-dont-itemize-their-tax-returns http://taxfoundation.org/article/most-americans-dont-itemize...
edit: good point on the EITC as well. This also severely affects the bottom of the scale and you don't need to itemize to take advantage of it.