$Missed Deductions

Should I take the standard deduction or itemize?

Standard vs Itemizedbeginner3 answers · 5 min readUpdated February 28, 2026

Quick Answer

Take the standard deduction if your itemized deductions total less than $15,000 (single) or $30,000 (married filing jointly) for 2026. About 87% of taxpayers use the standard deduction because it's larger than their itemizable expenses. You should itemize if you have high mortgage interest, state taxes, charitable donations, or medical expenses.

Best Answer

RK

Robert Kim, CPA

Best answer for typical W-2 employees deciding between standard and itemized deductions

Top Answer

Should you itemize or take the standard deduction?


The rule is simple: choose whichever gives you the larger deduction. For 2026, the standard deduction is $15,000 for single filers and $30,000 for married filing jointly. You should itemize only if your qualifying expenses exceed these amounts.


About 87% of taxpayers take the standard deduction because the Tax Cuts and Jobs Act nearly doubled these amounts in 2018, making itemizing less beneficial for most people.


How to decide: Add up your itemizable expenses


The main itemized deductions include:


  • State and local taxes (SALT): Up to $10,000 limit
  • Mortgage interest: On loans up to $750,000
  • Charitable donations: Various limits based on income
  • Medical expenses: Only the amount exceeding 7.5% of your AGI
  • Casualty and theft losses: Only from federally declared disasters

  • Example: $85,000 salary, married filing jointly


    Let's say you and your spouse have:

  • State income taxes: $4,200
  • Property taxes: $5,800 (SALT total: $10,000 — hits the cap)
  • Mortgage interest: $12,000
  • Charitable donations: $3,500
  • Medical expenses: $8,000, but only $1,625 is deductible (amount over 7.5% of $85,000 AGI)

  • Total itemized deductions: $27,125

    Standard deduction: $30,000


    Result: Take the standard deduction. You save $2,875 more in taxable income ($30,000 vs $27,125).


    When itemizing makes sense


    You're more likely to benefit from itemizing if you:


  • Own an expensive home with high mortgage interest and property taxes
  • Live in a high-tax state and hit the $10,000 SALT cap
  • Give significant charitable donations (over 10% of income)
  • Had major medical expenses exceeding 7.5% of your income
  • Experienced casualty losses from federally declared disasters

  • Comparison: Standard vs. itemized thresholds



    What you should do


    1. Calculate your potential itemized deductions using last year's tax documents

    2. Compare the total to your standard deduction amount

    3. Choose the higher amount — it's that simple

    4. Consider tax software or a professional if you're close to the threshold


    Use our return scanner to analyze your previous year's return and identify whether you missed itemization opportunities or took the wrong deduction method.


    Key takeaway: Take the standard deduction unless your itemized deductions exceed $15,000 (single) or $30,000 (married filing jointly). Most taxpayers save more with the standard deduction.

    Key Takeaway: Choose the larger deduction — standard ($15,000 single, $30,000 married) or your total itemized expenses. About 87% of taxpayers benefit more from the standard deduction.

    2026 standard deduction amounts vs. when to consider itemizing

    Filing Status2026 Standard DeductionConsider Itemizing When Total Exceeds
    Single$15,000$15,000
    Married Filing Jointly$30,000$30,000
    Married Filing Separately$15,000$15,000
    Head of Household$22,500$22,500

    More Perspectives

    RK

    Robert Kim, CPA

    Best for W-2 employees with straightforward tax situations

    For simple W-2 filers: Standard deduction is usually best


    If you're a typical W-2 employee with straightforward finances, the standard deduction will likely save you more money and time. Here's why:


    The math is simple: Your itemized deductions need to exceed $15,000 (single) or $30,000 (married) to be worth it. For most W-2 employees, this is unlikely unless you:

  • Own a home with significant mortgage interest
  • Live in a high-tax state
  • Give substantial charitable donations

  • Example: Single filer, $65,000 salary


    Typical itemizable expenses:

  • State income taxes: $2,800
  • Charitable donations: $1,200
  • Work-related expenses: Not deductible after 2017

  • Total itemized: $4,000

    Standard deduction: $15,000


    Result: The standard deduction saves you $11,000 more in deductions — no contest.


    When to reconsider


    Even as a simple filer, itemize if you:

  • Bought a home and paid significant mortgage interest
  • Had major medical expenses (over 7.5% of income)
  • Made large charitable donations in one year

  • Key takeaway: W-2 employees with no major deductible expenses should almost always take the standard deduction — it's larger and requires no documentation.

    Key Takeaway: W-2 employees with basic tax situations should take the standard deduction unless they have significant mortgage interest, medical expenses, or charitable donations.

    RK

    Robert Kim, CPA

    Best for homeowners who might benefit from itemizing mortgage interest and property taxes

    For homeowners: Run the numbers carefully


    As a homeowner, you have the best chance of benefiting from itemizing, but it's not automatic. The key expenses that might push you over the standard deduction threshold are:


    Mortgage interest: Deductible on loans up to $750,000

    Property taxes: Combined with state income taxes, capped at $10,000

    PMI premiums: May be deductible depending on income


    Example: Homeowner couple, $120,000 combined income


  • Mortgage interest: $18,000
  • Property taxes: $6,500
  • State income taxes: $3,500 (SALT total: $10,000)
  • Charitable donations: $4,000
  • PMI: $1,800 (income too high — not deductible)

  • Total itemized: $32,000

    Standard deduction: $30,000


    Result: Itemize and save an extra $2,000 in deductions.


    The SALT cap hurts many homeowners


    The $10,000 limit on state and local tax deductions significantly reduced itemizing benefits for homeowners in high-tax states. Before 2018, you could deduct unlimited state income taxes and property taxes.


    When homeowners should still take the standard deduction


  • New homeowners with small mortgage balances and low interest
  • Homeowners in low-tax states with modest property taxes
  • Those who've paid down mortgages significantly

  • Key takeaway: Homeowners should calculate both options annually. High mortgage interest can push itemized deductions above the standard deduction, but the $10,000 SALT cap limits the benefit.

    Key Takeaway: Homeowners benefit from itemizing when mortgage interest plus capped SALT deductions ($10,000) plus charitable donations exceed the standard deduction threshold.

    Sources

    standard deductionitemized deductionstax strategydeduction comparison

    Reviewed by Robert Kim, CPA on February 28, 2026

    This content is for educational purposes only and is not a substitute for professional tax advice. Consult a qualified tax professional for advice specific to your situation.