Maximize Personal Tax Deductions: Itemized vs Standard

If you’re confused as to whether it’s better to take the Standard Deduction or Itemize Deductions on Schedule A, you’re not alone. Personal tax deductions include such things as charitable donations, mortgage interest, property taxes, state income taxes paid, and more. So the answer as to which is best depends on your personal circumstances.

It’s a good idea to test it out both ways to maximize your refund. And to get you started, the resources below are chock-full of useful info and tips to help you make the decision that works best for you!

• What Are Standard Tax Deductions? - Most common and simplest.
• What are Itemized Tax Deductions? - Might be worth trying if you have high mortgage interest, state taxes, charitable donations, etc.
• Standard Deduction vs. Itemized Deductions: Which Is Better?  - Nice guide and comparison!
• Standard vs Itemized Deduction Calculator - More info about the differences and if you scroll down halfway, there's a calculator to help you decide!
• How do I change from the standard deduction to itemized (or vice-versa)? How to easily switch your choice inside the TurboTax software.
• How to Maximize Your Itemized Tax Deductions - A sort of checklist and more tips!

If you need tax advice or have questions that aren't answered in the links above, please ask in our Taxes forum that best fits your needs!