Core
Itemized Deductions
Deduct qualifying personal expenses individually.
About this strategy
Taxpayers generally choose between taking the standard deduction and itemizing eligible deductions on their federal return. Itemized deductions can include qualifying expenses such as certain state and local taxes, mortgage interest, charitable contributions, and eligible medical expenses. Whether itemizing provides a tax benefit depends on the taxpayer's individual circumstances and the deductions available for that year.
Implementation resources
Slides, templates, and supporting videos.