ADVERTISEMENT

Itemize or Standard Deduction?

Do you itemize or take the standard deduction?

  • Itemize

    Votes: 5 31.3%
  • Standard Deduction

    Votes: 11 68.8%

  • Total voters
    16

UKUGA

All-American
Jan 26, 2007
18,446
26,642
113
Washington metro
When you file your federal taxes, do you itemize or take the standard deduction?

If you itemize, what is driving your itemized list of deductions (SALT, charity, medical, mortgage interest, etc?).

I will admit, I was initially surprised at how many people told me they no longer itemize since the 2017 tax law changes.

FWIW, I still itemize.

Thanks to all who participate.
 
"The TCJA eliminated or restricted many itemized deductions for 2018 through 2025. This, together with a higher standard deduction, reduced the number of taxpayers who itemize deductions. In 2017, 31 percent of all individual income tax returns had itemized deductions, compared with just 9 percent in 2020."

There may be more current data, but I couldn't find it ...
 
I have far too many write-offs for standard deduction. Let me tell you, while the gov't has it's hand in my pocket, I have one hand in theirs.
 
ADVERTISEMENT
ADVERTISEMENT