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Tax question: itemized or standard deduction

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  • Tax question: itemized or standard deduction

    We usually take standard deduction on our taxes. The interest on our mortgage, real estate taxes, and other things are way less than the standard. I know, it is possible to write of donations, when you itemize. We just got the receipt from our church for our donation for the year. So I have a question, can we get a write-off on it if we take standard deduction? Is there a list, what things can be itemized. What write-offs can we get if we take standard deduction. Thank you for your help.

  • #2
    Originally posted by bzbee View Post
    What write-offs can we get if we take standard deduction.


    You cannot itemize if you take the standard deduction. However, you can still write off charitable contributions.

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    • #3
      Koolmagicguy I looked at your link but do not see anything about taking a deduction for charitable contributions. Where would the charitable contributions go if not on a Schedule A?

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      • #4
        Originally posted by bzbee View Post
        We usually take standard deduction on our taxes. The interest on our mortgage, real estate taxes, and other things are way less than the standard. I know, it is possible to write of donations, when you itemize. We just got the receipt from our church for our donation for the year. So I have a question, can we get a write-off on it if we take standard deduction? Is there a list, what things can be itemized. What write-offs can we get if we take standard deduction. Thank you for your help.
        Just take a look at the Schedule A. You can write off:

        Medical (greater than 10% of AGI)

        State Income Taxes or State Sales Tax

        Mortgage Interest

        Property Taxes

        Personal Property Taxes (like for your car)

        Charitable Donations

        Casualty and Theft Losses

        Miscellaneous (greater than 2% of AGI)
        - union dues, uniforms, safe deposit box rental, tax preparation fees, IRA custodial fees, etc.

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        • #5
          Originally posted by Koolmagicguy View Post
          https://www.irs.gov/taxtopics/tc551.html

          You cannot itemize if you take the standard deduction. However, you can still write off charitable contributions.
          No, you can't. The only place they go is on Schedule A Itemized Deductions.

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          • #6
            Thanks Petunia that is what I thought.

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