Things taxpayers should know when choosing between standard and itemized deductions Wed, 02/24/2021 - 4:00am Deductions reduce the amount of taxable income when filing a federal income tax return. In other words, they can reduce ...PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news. Not yet a subscriber? Subscribe today! Read more about Things taxpayers should know when choosing between standard and itemized deductions