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Standard Deductions - Listing

If I know I will not itemize and not go over the 24k standard deductions, do I still need to list all the normal items like work expenses, mortgage interest, any student loan interest etc?   ie, can I just leave it all off the tax forms and claim the standard?

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1 Reply
JosephF8
Expert Alumni

Standard Deductions - Listing

I would go through it anyway. Any student loan interest you are qualified to deduct is an 'above the line' deduction. This means that it is taken directly off your income and not included in your itemized deductions. Depending on the state you are in those deductions may exceed the state standard deduction and help you there. There are also a number of states that allow employee business expenses even though they are not deductible on the Federal return.

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