- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The standard deduction for 2019
Single $12,200
Head of Household $18,350
Married Filing Joint $24,400
Itemized deductions are
Sales or State Income Tax Paid
Property Taxes Paid
Mortgage Interest
Mortgage Insurance Premiums
Charitable Contributions
Medical Expenses over 7.5% of your income
If your Itemized Deductions are not greater than your Standard Deduction (based on filing status) then
you take the Standard Deduction to reduce your income before tax is calculated.
Link with more information about Std Deduction vs Itemized Deductions
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 17, 2020
11:40 AM