What are tax deductions? How should you choose between taking the standard deduction and itemizing deductions? Question content area bottom Part 1 Choose the correct answer below. A. Tax deductions are subtracted from the tax bill to get the tax owed. The smaller of the standard deduction and itemized deductions should be chosen. B. Tax deductions are subtracted from the adjusted gross income to get the taxable income. The smaller of the standard deduction and itemized deductions should be chosen. C. Tax deductions are subtracted from the adjusted gross income to get the taxable income. The larger of the standard deduction and itemized deductions should be chosen. D. Tax deductions are subtracted from the tax bill to get the tax owed. The larger of the standard deduction and itemized deductions should be chosen