But unless all of your itemized deductions exceed the standard deduction there will be no tax advantage to claiming it at all. In you case all itemized deductions must be more then $6,350 to have a tax advantage.
For 2017 the standard deductions are:
Single or filing Married Filing Separately - $6,350
Married Filing Jointly or Qualifying Widow(er) - $12,700
Head of Household - $9,350
(If over 65 or blind add $1,250 - $1,550 if filing single or HOH)
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
