Standard vs Itemized Deduction Calculator — 公式
## Standard vs Itemized Deductions
Choose whichever is higher to reduce your taxable income.
### 2024 Standard Deduction
| Filing Status | Amount |
|---|---|
| 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)
Choose whichever is higher to reduce your taxable income.
### 2024 Standard Deduction
| Filing Status | Amount |
|---|---|
| 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)
计算示例
Single filer: $8,000 mortgage, $7,000 SALT, $3,000 charity.
- Itemized = $8,000 + $7,000 + $3,000 = $18,000
- Standard = $14,600
- Itemizing saves $18,000 - $14,600 = $3,400 more