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[–] 7 points 2 years ago (1 child)

Unless you have more itemized deductions than the standardized deduction would save you, there's not a point in reporting your deductions.

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  • [–] 2 points 2 years ago

    And you'd have to be in a pretty high income bracket or run your own business for that to happen.

    I make upper middle class money and keep all receipts and such, and I've never had my itemized deductions surpass the standardized deduction. But every year I enter all of it just to see.

    If you're one of the people who do, then you're likely already have a tax accountant doing your taxes for you.

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