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In this video tutorial, Mark Kohler discusses the difference between standard deduction and itemizing on a 1040 tax return, mentioning that the rules have changed from 2018 to 2023. He advises viewers to compare their itemized deductions against the standard deduction and take the greater option to potentially save money on their tax return. The standard deduction for singles is $12,000 and $24,000 for married couples. It is essential to understand the rules to determine when itemizing might be more beneficial.