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  • Cannabis Industry Singled Out?

    mj indoorgrowMason County PUD#3's new rate schedules have members of the I-502 Industry concerned. The members feel they have been singled out, and will have the highest PUD electrical rate structure levied on them.  The I-502's are not asking for special treatment, just equal treatment given… Read More +

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  • Audit: Room For Improvement On Welfare Benefits

    olympiaA state audit of the Department of Social and Health Services' food and financial assistance programs to low-income residents found the state could save or recover an estimated $1 million in benefits paid out to people who are ineligible because they either make too much money… Read More +

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  • Sherman, Baldwin Dig At NFL In Press Conference

    lynchbaldwin nflWith the help of a cardboard cutout, the Seattle Seahawks' Richard Sherman and Doug Baldwin took digs at the NFL during a news conference on Tuesday after the league issued a $100,000 fine to teammate Marshawn Lynch for not speaking to the media. Sherman and Baldwin made mention of everything

    Read More
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Tax Tip: Should You Take the Standard Deduction or Itemize?

b_250_0_16777215_00_images_obgrabber_2014-02_454941d242.jpgjrwasserman/Thinkstock (NEW YORK) -- The Internal Revenue Service allows a married couple, filing jointly, $12,200 as a standard deduction for their 2013 tax return. But is that the best option for you and your spouse? Tax expert Kevin McCormally with Kiplinger's says taking the standard deduction makes sense for many. "I think most people who claim the standard deduction are doing the right thing. It gives them more benefit than if they itemize and it's certainly simpler," he tells ABC News Radio.

 

But if you're paying a lot of mortgage interest, health costs or some other deductible items, tax account Janice Hayman says it might be best to itemize.

"You should absolutely see if you can. I think if people took the time to collect certain receipts from charities for goods donated, those alone are something that could get you over the edge and allow you to itemize," she says.

Copyright 2014 ABC News Radio

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