Final answer:
The statement is true. In lieu of claiming itemized deductions, taxpayers can use the standard deduction which is a simplified method of calculating deductions and is available to all taxpayers.
Step-by-step explanation:
The statement is a) true.
In lieu of claiming itemized deductions, taxpayers can use the standard deduction when filing their tax return. The standard deduction is a set amount that reduces the taxpayer's taxable income, resulting in a lower tax liability. It is a simplified method of calculating deductions and is available to all taxpayers, regardless of their expenses. For example, in the United States for tax year 2021, the standard deduction for a single individual is $12,550. By choosing the standard deduction, taxpayers do not need to keep track of their specific expenses or provide documentation for itemized deductions.