Splet13. feb. 2024 · Line 2a: Standard deduction or deductible taxes from Schedule A: In calculating the AMT, you cannot take itemized deductions for state and local income tax, real estate taxes and personal property taxes, even … Splet13. feb. 2024 · You can't itemize and claim a state and local income tax deduction if you claim the standard deduction on your federal return. Your refund isn't taxable if you took the standard deduction. The State and …

Should I itemize my taxes? U.S. Bank

Splet18. okt. 2024 · You can either take the $12,000 and change, no questions asked, or you can itemize your personal deductions on your tax return. It's important to note that these personal itemized deductions have nothing to do with your deductible business expenses, which you can claim on top of the standard deduction. More on that later! SpletIf you and your spouse file separate returns and one of you itemizes deductions, the other spouse must also itemize, because in this case, the standard deduction amount is zero … seas towers

Filing a final federal tax return for someone who has died

Splet20. mar. 2024 · Your tax preparer should also be able to allow you to determine whether you should itemize or take the standard deduction. Be sure to take some time to review what … Splet21. apr. 2024 · If your itemized deductions will be bigger than your standard deduction, then it is generally in your best interest to take the itemized deduction. For example, you may benefit from itemizing deductions if you donated lots of money or goods to charity or if you had major uninsured medical expenses. [2] SpletHere's who should sign the tax return: Any appointed representative must sign the return. If it's a joint return, the surviving spouse must also sign it. ... This filing status allows them … sea story 立川