• Should You Take Itemized Deduction or Standard Deduction?

  • 2025/03/13
  • 再生時間: 9 分
  • ポッドキャスト

Should You Take Itemized Deduction or Standard Deduction?

  • サマリー

  • Hey Rich Girls, Kirby here - and have you heard the terms standard deduction and itemized deduction but never really understood what they mean? Well today we are breaking down the difference between standard and itemized deduction and how you can determine which one you should be taking. I promise it’s not as complicated as it sounds, so let’s get this explained and get you on your way!

    **please note this is not investment advice, just my opinion & should be used for entertainment purposes only**

    CONNECT WITH ME:
    YouTube: https://www.youtube.com/@richgirlsguidewithkirby

    Threads: ⁠https://www.threads.net/@richgirlsguidepodcast⁠
    Instagram: https://www.instagram.com/richgirlsguidepodcast/
    TikTok: https://www.tiktok.com/@richgirlsguide

    Want YOUR money question to be answered in an upcoming episode? Submit an anonymous question here: https://richgirlsguidepodcast.com/contact

    MY EXACT YOUTUBE SETUP (Amazon affiliate links):
    Canon EOS R6 Camera: https://amzn.to/4cgzSdd
    SD Memory Card: https://amzn.to/3VYJrrA
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    Teleprompter: https://amzn.to/4cI4iVD
    Rodecaster Pro: https://amzn.to/3VGAAcA
    Manfrotto Camera Tripod: https://amzn.to/3W1Secm
    Cloudlifter: https://amzn.to/3L0Ntt1
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    Mic Cable: https://amzn.to/4bkKOW0
    Amaran 100D LED Light: https://amzn.to/3W0Bl1t
    Aputure Lantern Light: https://amzn.to/3RHp7bK
    Softbox lighting kits: https://amzn.to/45MGygS
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    ARTICLES MENTIONED:
    Standard deduction amounts: https://www.nerdwallet.com/article/taxes/standard-deduction#:~:text=The%20standard%20deduction%20for%202024%20(tax%20returns%20filed%20in%202025,joint%20filers%20and%20surviving%20spouses.

    Standard deduction history: https://www.marketplace.org/2017/05/09/history-income-taxs-standard-deduction-more-interesting-than-you-think/

    Percentage of Americans who itemized deductions in 2020: https://taxpolicycenter.org/briefing-book/what-are-itemized-deductions-and-who-claims-them#:~:text=The%20share%20of%20returns%20that,in%202020%20(figure%204).

    MY TOP FAVORITE BOOKS ABOUT HABITS & $$$ (Amazon affiliate links)
    The Power of Habit: https://amzn.to/3xxkytF
    Atomic Habits: https://amzn.to/4bh5Ncc
    The Opposite of Spoiled: https://amzn.to/3xDz2rP
    You Are A Badass At Making Money: https://amzn.to/4bkKuqg

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あらすじ・解説

Hey Rich Girls, Kirby here - and have you heard the terms standard deduction and itemized deduction but never really understood what they mean? Well today we are breaking down the difference between standard and itemized deduction and how you can determine which one you should be taking. I promise it’s not as complicated as it sounds, so let’s get this explained and get you on your way!

**please note this is not investment advice, just my opinion & should be used for entertainment purposes only**

CONNECT WITH ME:
YouTube: https://www.youtube.com/@richgirlsguidewithkirby

Threads: ⁠https://www.threads.net/@richgirlsguidepodcast⁠
Instagram: https://www.instagram.com/richgirlsguidepodcast/
TikTok: https://www.tiktok.com/@richgirlsguide

Want YOUR money question to be answered in an upcoming episode? Submit an anonymous question here: https://richgirlsguidepodcast.com/contact

MY EXACT YOUTUBE SETUP (Amazon affiliate links):
Canon EOS R6 Camera: https://amzn.to/4cgzSdd
SD Memory Card: https://amzn.to/3VYJrrA
Shure SM7B Microphone: https://amzn.to/3xoIJuk
Teleprompter: https://amzn.to/4cI4iVD
Rodecaster Pro: https://amzn.to/3VGAAcA
Manfrotto Camera Tripod: https://amzn.to/3W1Secm
Cloudlifter: https://amzn.to/3L0Ntt1
Microphone Stand: https://amzn.to/3VGI6V0
Mic Cable: https://amzn.to/4bkKOW0
Amaran 100D LED Light: https://amzn.to/3W0Bl1t
Aputure Lantern Light: https://amzn.to/3RHp7bK
Softbox lighting kits: https://amzn.to/45MGygS
Amazon Fire Tablet: https://amzn.to/3L0lxp4
⅛ to ¼ Stereo Cable:https://amzn.to/4bCHYff

ARTICLES MENTIONED:
Standard deduction amounts: https://www.nerdwallet.com/article/taxes/standard-deduction#:~:text=The%20standard%20deduction%20for%202024%20(tax%20returns%20filed%20in%202025,joint%20filers%20and%20surviving%20spouses.

Standard deduction history: https://www.marketplace.org/2017/05/09/history-income-taxs-standard-deduction-more-interesting-than-you-think/

Percentage of Americans who itemized deductions in 2020: https://taxpolicycenter.org/briefing-book/what-are-itemized-deductions-and-who-claims-them#:~:text=The%20share%20of%20returns%20that,in%202020%20(figure%204).

MY TOP FAVORITE BOOKS ABOUT HABITS & $$$ (Amazon affiliate links)
The Power of Habit: https://amzn.to/3xxkytF
Atomic Habits: https://amzn.to/4bh5Ncc
The Opposite of Spoiled: https://amzn.to/3xDz2rP
You Are A Badass At Making Money: https://amzn.to/4bkKuqg

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