Standard vs Itemized Calculator
Compare standard deduction vs itemizing.
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Why: Choosing the higher deduction lowers taxable income and saves money. Tax reform changed many households to standard; itemizing still benefits when deductible expenses exceed the standard amount.
How: Select filing status. Enter mortgage interest, state/local taxes (SALT cap $10K), charitable donations, medical expenses, and AGI. The calculator compares and shows the best choice and estimated tax savings.
Run the calculator when you are ready.
Sample Scenarios
Your Deductions
Deduction Analysis
Itemized Deductions
Standard Deduction
Comparison
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Estimates only — not tax advice. Tax laws vary by jurisdiction. Consult a CPA or tax professional.
1. Key Takeaways
- • 2024: Single $14,600, Married $29,200, HOH $21,900
- • SALT cap: $10,000 max
- • Medical: Over 7.5% of AGI
- • Bunching donations can help itemizers
2. Did You Know?
SALT $10K
Cap on state/local
7.5%
Medical threshold
Bunching
Alternate years
65+
Extra $1,550
Records
Keep receipts
Compare
Take higher
3. How It Works
Itemized = Mortgage + SALT (max $10K) + Charity + Medical (over 7.5% AGI). Take higher of Standard or Itemized.
4. Expert Tips
SALT cap
$10K max
Medical threshold
7.5% of AGI
Bunch donations
Alternate years
Keep records
All deductions
5. Comparison Table
| Status | 2024 Standard |
|---|---|
| Single | $14,600 |
| Married | $29,200 |
| HOH | $21,900 |
6. FAQ
$10,000 max for state/local taxes.
Expenses over 7.5% of AGI.
Alternate years to exceed standard.
7. Sources
- • IRS — Standard Deduction
- • IRS — Itemized Deductions
8. Quick Stats
$14.6K
Single
$29.2K
Married
$10K
SALT cap
7.5%
Medical
9. Disclaimer
Disclaimer: Estimates only. Consult a tax professional.
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