CatinaT1
Expert Alumni

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 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post