Should I Itemize or Take the Standard Deduction?

If you have numerous itemized deductions such as mortgage interest, charitable contributions, etc., it may make sense for you to itemize your deductions instead of using the standard deduction for your tax filing status. Use this calculator to help you make that decision.
Input and Assumptions
Estimated AGI: (adjusted gross income)
Tax filing status
Number of blind filers
Number of filers over age 65
Dental and Medical Expenses
Medical expenses
Dental expenses
Taxes You Paid
State and local income taxes
Real estate taxes
Personal property taxes
Other taxes
Interest (Paid/Received)
Home mortgage interest and points
Investment interest and dividends received
Investment interest you paid
Charitable Contributions
Cash contributions
'In-kind' contributions
'Carryover' contributions
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This information may help you analyze your financial planning needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.