Question: Based on readings in your textbook and an article from the KU library, explain the relationship between standard deduction and itemized deduction. What changes did

Based on readings in your textbook and an article from the KU library, explain the relationship between standard deduction and itemized deduction. What changes did the Tax Cuts and Jobs Act (TCJA) make to the standard deduction? How do you think this change will affect Charitable Giving in future tax years?

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THE STANDARD DEDUCTION The Tax Cuts and Jobs Act TCJA increased the standard deduction from 6500 to 12000 for individual filers from 13000 to 24000 for joint returns and from 9550 to 18000 for heads o... View full answer

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