Is it good to itemise deductions on tax returns and when can an individual itemise the deductions?

In: Income Taxes

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ON a federal return the standard deduction for 2005 is $ 5,000.00 and single, $10,000 married filing joint and $7,300.00 for head of household. You would have to have more this for it to help. State vary by states.

So, if your intemized deductions are more than the base amount for the year given to anyone, it is better to do so.

First answer by ID1082308831. Last edit by IamLostRU. Contributor trust: 839 [recommend contributor]. Question popularity: 58 [recommend question]

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