Level 8

Tax reform

I'm in the middle of doing my taxes. I've ALWAYS itemized, but this year might be the first where the Standard Deduction "wins." 

I know I'll be close (as I'm now retired).

I'm wondering two things:

a) I presume that TT will automatically jump to the standard deduction after it determines that itemizing isn't the best, and

b) if others are discovering this too. Perhaps my world of keeping track of various deductions will become a waste of time (for things like charitable contributions, even medical expense).

 

In my own case, in Oregon, it's annoying that the $10,000 SALT cap has hit us (as we are a high property tax State).