You have more than $10,900 of itemized deductions. You will be able to itemize without doing a thing for a year or two or three.
Some advice- if possible close before Jan 1, but as late in 2008 as possible (so 2009 is a full year of interest payments). Look at 15 year mortgages if you can afford it.
Itemizing opens up more deductions for you than just charities. Look up on web what other deductions exist (moving, unremibursed business expenses, small business expenses, property taxes, mortgage interest).
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