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Rochal
Returning Member

Married itemizing

Does the itemizing schedule change based on income?

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2 Replies

Married itemizing

The medical expenses are limited to the amount over 7.5% of your combined AGI but other than that nothing else changes. 

DawnC
Expert Alumni

Married itemizing

Some itemized deductions can be limited based on income.  

 

Itemized deductions include a range of expenses that are only deductible when you choose to itemize. Common expenses include:

  • Mortgage interest you pay on up to two homes
  • Your state and local income or sales taxes
  • Property taxes
  • Medical and dental expenses that exceed 7.5% of your adjusted gross income
  • Charitable donations

When deciding whether to itemize, keep in mind that you will be giving up the standard deduction amount. So, after adding up your itemized deductions, make sure your itemized deductions total is greater than the standard deduction amount for your filing status. If it’s not, then you'll most likely pay more in tax if you itemize.

 

Standard Deduction vs. Itemized Deductions: Which Is Better?

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