Hello,
The standard deduction for 2022 taxes is $25,900
In order for itemizing deductions you would need to excedd that amount.
To Itemize you can take:
- Mortgage interest you pay on up to two homes
- Your state and local income or sales taxes
- Property taxes
- Medical and dental expenses that exceed 7.5% of your adjusted gross income
- Charitable donations
You can enter your itemized deductions into TurboTax and the program will let you know if the standard deduction or itemized deductions is more beneficial to you to take.
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