Standard or Itemized Deductions
What’s Best for You?
Every year, tax time brings the same question: “Should I take the standard deduction or itemize my expenses?”
Let’s break it down in real people terms so you know what makes sense for YOU in 2025.
***2025 Standard Deduction Amounts***
-Single / Married Filing Separately: $15,000
-Married Filing Jointly: $30,000
-Head of Household: $22,500
If your total deductible expenses (like mortgage interest, charitable donations, medical bills, etc.) don’t add up to more than these numbers, you’re better off taking the standard deduction—it’s simple and automatic.Itemized Deductions: When They Make Sense
You might want to itemize if:
You own a home and pay a lot in mortgage interest or property taxes You made large charitable donations You had high medical expenses (over 7.5% of your income) You had big state and local taxes (SALT) (though capped at $10K)Itemizing takes more time and documentation, but if your deductions are higher than the standard amount, it could save you hundreds or even thousands.
The Bottom Line:Don’t just assume one or the other. Run the numbers—or better yet, work with a tax pro.
The goal is simple: Pay what you owe, not a dollar more.
You don’t have to know it all—just know what applies to YOU.
