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Get a clear understanding of the difference between itemized deductions and standard deductions. Learn about the IRS's recent increase in income thresholds and standard deductions for 2021. Discover whether you should opt for standard deduction or itemize your deductions based on your personal financial situation. Learn about deductions for AGI and deductions from AGI, and how standard deductions work.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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