Free Standard vs Itemized Deduction Calculator

Compare the standard deduction to your itemized deductions to see which saves you more in taxes.

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Additional Tax Savings

$3,400

Standard Deduction$14,600
Itemized Deductions$18,000

Additional Tax Savings vs Mortgage Interest

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Standard vs Itemized Deductions

Choose whichever is higher to reduce your taxable income.

2024 Standard Deduction

Filing StatusAmount Single$14,600 Married Filing Jointly$29,200 Head of Household$21,900

Common Itemized Deductions

  • Mortgage interest
  • State & local taxes (capped at $10,000)
  • Charitable contributions
  • Medical expenses (over 7.5% of AGI)

    • Example Calculation

    Single filer: $8,000 mortgage, $7,000 SALT, $3,000 charity.

    1. 01Itemized = $8,000 + $7,000 + $3,000 = $18,000
    2. 02Standard = $14,600
    3. 03Itemizing saves $18,000 - $14,600 = $3,400 more

    Frequently Asked Questions

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