But for some taxpayers, it is still worth exploring the potential of itemized deductions, as overlooking it in favor of simplicity could "leave a significant amount of money on the table for Uncle ...

For example, a household can deduct student loan interest payments from their taxes while also taking the standard deduction.

itemized deduction to decide which approach ... might be lower than the amount you could deduct if you itemize. For example, the standard deduction might be less than the total amount of mortgage ...

An itemized bill contains detailed descriptions ... some exceptional circumstances that may require more effort. If, for example, a hospital is charging ridiculous prices or is particularly ...

For example, if your AGI was $85,000 in 2024 and ... You can claim the standard deduction even if you have no expenses that qualify as itemized deductions. You don’t need to keep records of ...