Standard Deduction or Itemize?
For tax year 2024, find out which path saves you more. Enter your estimates below to get an instant comparison.
1. Your Situation & Expenses
2. The Results
Standard Deduction
$14,600
Your Itemized Total
$0
Enter your expenses to see which is better!
Deduction Details
Medical Expense Calculator
You can only deduct medical expenses that exceed 7.5% of your Adjusted Gross Income (AGI). This calculator shows you how that works.
Your Deductible Amount:
$0
State and Local Taxes (SALT)
$10,000
Your deduction for all state and local taxes (property plus income OR sales) is capped at $10,000 per household.
Home Mortgage Interest
$750,000
You can deduct interest on up to $750,000 of mortgage debt used to buy, build, or improve your main home and a second home.
Charitable Contribution Limits
The amount you can deduct depends on the type of donation and is limited by your AGI.
