Standard vs Itemized Deduction Calculator
Standard vs Itemized Comparison
Compare standard deduction to your total itemized deductions
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Formula
Compare: Standard Deduction vs. (Mortgage Interest + SALT + Charity + Medical + Other)
Frequently Asked Questions
What is the standard deduction for 2024?
For 2024, the standard deduction is $15,000 for single filers, $30,000 for married filing jointly, $22,500 for head of household, and $15,000 for married filing separately. Additional amounts apply for those 65 or older.
When should I itemize instead of taking the standard deduction?
Itemize when your total itemized deductions (mortgage interest, SALT up to $10,000, charitable donations, medical expenses above 7.5% AGI, etc.) exceed the standard deduction.
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