https://ttlc.intuit.com/community/taxes/discussion/itemize-deduction/01/983924#M355445 <P>I am aware of my federal and state taxes and I am catching on to standard deduction. I just do not get itemize deduction which is something I feel like I have to do sense my AGI is lower than the standard deduction which is $12,200 sense I am filing single.</P> Wed, 15 Jan 2020 05:26:40 GMT dtweed17 2020-01-15T05:26:40Z https://ttlc.intuit.com/community/taxes/discussion/itemize-deduction/01/983924#M355445 <P>I am aware of my federal and state taxes and I am catching on to standard deduction. I just do not get itemize deduction which is something I feel like I have to do sense my AGI is lower than the standard deduction which is $12,200 sense I am filing single.</P> Wed, 15 Jan 2020 05:26:40 GMT https://ttlc.intuit.com/community/taxes/discussion/itemize-deduction/01/983924#M355445 dtweed17 2020-01-15T05:26:40Z https://ttlc.intuit.com/community/taxes/discussion/re-itemize-deduction/01/983928#M355446 <P>Itemized deductions are deductions you can enter like mortgage interest, property taxes, medical expenses, charitable donations, etc.&nbsp; There are some people who have enough of those deductions to exceed their standard deduction, so they enter those deductions instead of taking the standard deduction.&nbsp; The standard deduction is money you do not pay tax on.&nbsp; The itemized deductions are also income that no tax is owed on, so they can increase your refund, or lower the amount of tax owed.</P> <P>&nbsp;</P> <P>If you are single and have an income lower than 12,200, then you have no need to itemize your deductions.</P> Wed, 15 Jan 2020 05:33:19 GMT https://ttlc.intuit.com/community/taxes/discussion/re-itemize-deduction/01/983928#M355446 xmasbaby0 2020-01-15T05:33:19Z