Lajm
Level 1

Using standard deduction or itemizing as a single person?

I would like to use my TurboTax express to see whether to itemize or use the standard deduction .

can I do three versions of my options?

I don’t have many deductions besides my mortgage and real estate taxes which are low and would like to know if paying off my $100,000 mortgage at 3 7/8 % and 10 years left on a 20 year mortgage would be tax wise smart.

I would be saving interest on the mortgage and not having to pay $1000 a month. I still have enough in my investments and safety accounts for over a year.