top of page
Search
  • Writer's pictureMila Yazykova

Itemized deductions

Taxpayers may need to itemize deductions because they can't use the standard deduction. They may also itemize deductions when this amount is greater than their standard deduction.

A taxpayer may benefit by itemizing deductions for things that include:

State and local income or sales taxes,

Real estate and personal property taxes,

Mortgage interest and Mortgage insurance premiums

Personal casualty and theft losses from a federally declared disaster

Donations to a qualified charity

Unreimbursed medical and dental expenses that exceed 7.5% of adjusted gross income

1 view0 comments

Recent Posts

See All

Advanced Child Credit, how you are receiving it

If the IRS has received your banking information, your payment will be sent to you as a direct deposit. We will use bank account information from the following sources, in the following order: Your 20

How quickly and easily check the refund status.

Taxpayers can use the "Where’s My Refund?" tool to start checking on the status of refund 24 hours after the IRS acknowledges receipt of the taxpayer’s e-filed tax return.

Comments


bottom of page