Itemized deductions provide no tax
benefit until all of them added together are more than the standard deduction
for your filing status ... that deduction is not enough by itself.
Standard deductions for 2016
- Single
- $6,300 add $1,550 if age 65 or older
- Married
Filing Separately - $6,300 add $1,250 if age 65 or older
- Married
Filing Jointly - $12,600 add $1,250 for each spouse age 65 or older
- Head
of Household - $9,300 add $1,550 if age 65 or older