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Hello, I'm Kitty Sonorus from Sonorous Wealth Management. In this video, I'll explain the difference between standard and itemized deductions and when to use them. The standard deduction is a fixed amount you can deduct on your taxes based on your filing status. Due to tax reform, the standard deduction has almost doubled. For example, in 2019, it's $12,200 for single filers, $18,350 for heads of household, and $24,400 for married filing jointly. You can use the standard deduction one year and itemize deductions the next.