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Investors & landlords
I think you are talking about itemizing your deductions. You will benefit from itemizing if you have itemizable expenses over the standard deduction amount.
2022 STANDARD DEDUCTION AMOUNTS
SINGLE $12,950 (65 or older + $1750)
MARRIED FILING SEPARATELY $12,950 (65 or older + $1750)
MARRIED FILING JOINTLY $25,900 (65 or older + $1400 per spouse)
HEAD OF HOUSEHOLD $19,400 (65 or older +$1750)
Legally Blind + $1750
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‎February 28, 2023
10:14 AM