If you claim standard deduction, you cannot itemized deductions.
The standard and itemized deduction is a dollar amount that reduces your taxable income, but you cannot claim both. You should claim whichever one is higher.
Certain taxpayers cannot use the standard deduction:
- A married individual filing as married filing separately whose spouse itemizes deductions.
- An individual who files a tax return for a period of less than 12 months because of a change in his or her annual accounting period.
- An individual who was a nonresident alien or a dual-status alien during the year. Nonresident aliens who are married to a U.S. citizen or resident alien at the end of the year and who choose to be treated as U.S. residents for tax purposes can take the standard deduction.
- An estate or trust, common trust fund, or partnership;
Itemized deductions include amounts you paid for state and local
income or sales taxes, real estate taxes, personal property taxes,
mortgage interest, and disaster losses. You may also include gifts
to charity and part of the amount you paid for medical and dental
expenses. You would usually benefit by itemizing on Form 1040, Schedule A, if you:
- Cannot use the standard deduction
- Had large uninsured medical and dental expenses
- Paid interest or taxes on your home
- Had large unreimbursed employee business expenses
- Had large uninsured casualty or theft losses, or
- Made large charitable contributions
Your itemized deductions may be limited and your total itemized deductions may be phased out (reduced) if your adjusted gross income for 2015 exceeds the following threshold amounts for your filing status.
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