I understand the new deduction for married couples filing jointly is $24,000. Is that in addition to deductions for property tax and mortgage interest deductions?

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I understand the new deduction for married couples filing jointly is $24,000. Is that in addition to deductions for property tax and mortgage interest deductions?

No they are separate types of deductions. On your tax return, you can use the standard deduction or itemized deduction whichever is better for you. Property taxes and mortgage interest are itemized deductions along with medical expenses in excess of 7.5% of your AGI, sales or state income taxes, and charitable contributions. Unless the total of all your itemized deductions is more than the standard deduction, you would use the standard deduction.

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I understand the new deduction for married couples filing jointly is $24,000. Is that in addition to deductions for property tax and mortgage interest deductions?

No they are separate types of deductions. On your tax return, you can use the standard deduction or itemized deduction whichever is better for you. Property taxes and mortgage interest are itemized deductions along with medical expenses in excess of 7.5% of your AGI, sales or state income taxes, and charitable contributions. Unless the total of all your itemized deductions is more than the standard deduction, you would use the standard deduction.

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