Tax Year Prior to 2020: Hi, I made more income this year than 2015, but am getting back a much smaller return this year, should i be itemizing deductions in place of the standard deduction?
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Do you have a TurboTax Online account?
We'll help you get started or pick up where you left off.
Tax Year Prior to 2020: Hi, I made more income this year than 2015, but am getting back a much smaller return this year, should i be itemizing deductions in place of the standard deduction?
Tax Year Prior to 2020: Hi, I made more income this year than 2015, but am getting back a much smaller return this year, should i be itemizing deductions in place of the standard deduction?
Maybe. You can certainly try it if you have enough to itemize. I'll post some information about itemizing below to help.
How does the itemized
deduction differ from the standard deduction?