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What’s the ‘standard deduction’? An accounting expert explains how it simplifies tax filing and saves most Americans money

  • Written by Ryan Polk, Assistant Professor of Accountancy, Clemson University
What’s the ‘standard deduction’? An accounting expert explains how it simplifies tax filing and saves most Americans moneyPresident Donald Trump shakes hands with House Speaker Paul Ryan, as Vice President Mike Pence looks on, after the passage of a tax reform package on Dec. 20, 2017.AP Photo/Evan Vucci

Filing taxes can be daunting, but understanding your options for reducing your taxable income can help make it easier and save you money.

U.S. taxpayers have two main...

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