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Mark Kohler explains the difference between standard deduction and itemizing in the 1040 tax return. Starting in 2018 until 2023, you should compare your itemized deductions with your standard deduction and take the greater one. Generally, standard deductions are better. The standard deduction for singles is $12,000 and $24,000 for married couples. It's important to know the rules to determine which option is more beneficial for your tax return.