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  • 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

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