Yes, until the sum total of your itemized deductions (ie. medical,
mortgage interest, property taxes, charitable giving, ct) exceed your Standard
Deduction, you will receive your Standard Deduction rather than a Schedule A
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