Tax Deductions: Standard vs. Itemized

December 19, 2021
2018 tax reform meant big changes to itemized deductions. Learn about some of the biggest changes and how they may impact your tax return.
Transcript Open new window

Learn about tax-smart strategies. 

Watch Out for the Kiddie Tax

Does your child have unearned income? Make sure you understand Kiddie Tax rules.

Form 1099-B: Cost Basis and Options Trading

Learn what cost basis is, where to find it on Form 1099-B, and what option traders might expect with their Form 1099-B.

What Is the Alternative Minimum Tax?

The alternative minimum tax (AMT) applies only to some taxpayers. Learn what the AMT is, who might be affected, and what might trigger it.

Related topics

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

1221-1P83