Post #1578881
2026-02-03 16:37 UTC
That only matters when the value of those deductions exceeds the standard deduction though, isn't that right?
Replies (2)
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@btsax@reddthat.com 2026-02-03 17:23
No, deductions for business expenses happen "above the line" so they reduce your taxable income. The standard deduction happens "below the line" and is applied to your taxable income after business expenses etc
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@MrShankles@reddthat.com 2026-02-03 16:59
Yes, that's how I always understood it