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Should I itemize deductions vs tske standard deduction?

 
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1 Reply
AnnetteB6
Expert Alumni

Should I itemize deductions vs tske standard deduction?

Without knowing your tax situation, it is not possible to answer that question with certainty. 

 

However, as you work through your tax return you should enter all of your information for itemized deductions such as mortgage interest, property taxes, and charitable contributions (to name a few).  Then, after all possible deductions are entered, TurboTax will compare your total itemized deductions to your standard deduction based on your filing status and give you guidance about which is your best option for your tax situation.  

 

Due to the tax law changes in recent years, it is much more common for taxpayers to benefit from using the standard deduction even when they have itemized for a number of years in the past.

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