How to Increase Your Tax Deductions in 2023

The 2023 standard deduction for married finally jointly is 27,700. If your itemization tools or numbers do not add up above 27,700, then you take the standard. One of the first ideas is called lumping. So let's say we take 30 grand, three years worth of charitable contribution, and we give it to a charity all at once. You didn't give more over time to the charity. You just gave it all in a lump.