Question: Oscar and Ruth file a joint return for 2 0 2 4 . Their only valid itemized deduction is a charitable contribution of $ 3

Oscar and Ruth file a joint return for 2024. Their only valid itemized deduction is a charitable contribution of $30,000 to the American Cancer Society. They want to know if they should claim the standard deduction or itemize their deductions. (The standard deduction amount for married filing jointly for 2024 is $29,200.)

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