[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-2951":3},{"rec_id":4,"title":5,"text":6},"2951","Should I claim Itemized Deductions or take the Standard Deduction?","For most taxpayers, the \u003Ci>Standard Deduction\u003C/i> will be larger than their \u003Ci>Itemized Deductions\u003C/i>. Because of this, they will use the \u003Ci>Standard Deduction\u003C/i> rather than \u003Ci>Itemized Deductions\u003C/i>. However, we recommend that you enter your \u003Ci>Itemized Deductions\u003C/i> to see if the total amount is larger than the \u003Ci>Standard Deduction\u003C/i>. \n\u003Cbr> \u003Cbr>We'll calculate whether the \u003Ci>Itemized Deductions\u003C/i> entered or the \u003Ci>Standard Deduction\u003C/i> is larger and will automatically give you the larger of the two deductions. \n\u003Cbr>\u003Cbr>\nAdditionally, your state tax refund may increase by entering your \u003Ci>Itemized Deductions\u003C/i>.\n\u003Cbr>\u003Cbr>\n\u003Ci>Itemized Deductions\u003C/i> consist of mortgage interest (\u003Ci>Form 1098\u003C/i>), property taxes, donations to charities, medical expenses, state and local taxes, investment interest, gambling losses, and other miscellaneous expenses.\n\u003Cbr>\u003Cbr>\nTax laws changed in 2018 and many \u003Ci>Itemized Deductions\u003C/i> were removed including:\n\u003Cbr>\n\u003Cli>Unreimbursed job expenses\u003C/li>\n\u003Cli>Casualty and theft losses (except for those that occurred in a federally declared disaster)\u003C/li>\n\u003Cli>Tax preparation fees, Investment Expenses, and other miscellaneous deductions like IRA custodial fees and safe deposit box expense\u003C/li>\n\u003Cbr>\n2025 tax law changes made the above 2018 tax law changes for \u003Ci>Itemized Deductions\u003C/i> permanent.",1777391507598]