topic Standard deduction for Married Filed Jointly ia 29,200. Is the property tax for residential a separate deduction or can we add it to the standard deduction? in Deductions & credits

Standard deduction for Married Filed Jointly ia 29,200. Is the property tax for residential a separate deduction or can we add it to the standard deduction?

81rxv1te — Wed, 11 Feb 2026 10:59:56 GMT

Was not sure if we can take the property tax deduction if we took the standard MFJ 29,200. Is the property tax an intemized deduction?

Re: Standard deduction for Married Filed Jointly ia 29,200. Is the property tax for residential a separate deduction or can we add it to the standard deduction?

DoninGA — Fri, 27 Dec 2024 18:53:50 GMT

Property taxes paid is an itemized deduction reported on Schedule A. It has no effect whatsoever on the Standard Deduction for your filing status.

Re: Standard deduction for Married Filed Jointly ia 29,200. Is the property tax for residential a separate deduction or can we add it to the standard deduction?

DoninGA — Fri, 27 Dec 2024 18:54:42 GMT

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

Re: Standard deduction for Married Filed Jointly ia 29,200. Is the property tax for residential a separate deduction or can we add it to the standard deduction?

xmasbaby0 — Fri, 27 Dec 2024 20:03:43 GMT

You get EITHER your standard deduction or itemized deductions on Schedule A---not both, so, no, a deduction for property tax paid is not "in addition" to your standard deduction.

Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund. The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach. (Only the amount that is MORE than 7.5% of your AGI counts) The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you. Under the new tax laws, some deductions have been capped—there is a $10,000 limit to the itemized deductions for state, local, property and sales taxes.

Your standard deduction lowers your taxable income. The standard deduction makes some of your income “tax free.” It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600 (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY $14,600 (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200 (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900 (65 or older/legally blind + $1950)