standard_vs_itemized
Compare standard and itemized deductions to determine which option maximizes your tax savings. Enter your filing details to calculate the more beneficial deduction method.
Instructions
Compare standard deduction vs itemized deductions to determine which is more beneficial.
Input Schema
TableJSON Schema
| Name | Required | Description | Default |
|---|---|---|---|
| taxYear | Yes | Tax year (2024 or 2025) | |
| filingStatus | Yes | ||
| medicalExpenses | No | Unreimbursed medical expenses | |
| stateLocalTaxes | No | State/local income + property taxes paid | |
| mortgageInterest | No | Home mortgage interest paid | |
| charitableDonations | No | Charitable contributions | |
| otherItemized | No | Other itemized deductions | |
| agi | Yes | Adjusted Gross Income (needed for medical expense threshold) | |
| age65OrOlder | No | ||
| blind | No |