Itemize vs Standard Deduction Calculator

¿Debo Detallar Ó Tomar La Deducción Estándar?

Si tiene varias deducciones detalladas tal como interés de hipoteca, contribuciones caritativas, etc., tal vez tenga sentido el detallar sus deducciones en vez de utilizar la deducción estándar al hacer su declaración de impuestos. Utilice éste calculador para ayudarle a hacer esa decisión.

How Will the Tax Cuts and Jobs Act of 2017 Impact Me

The Tax Cuts and Jobs Act doubled the standard deduction and for tax year 2025 it has increased to $15,000 for single filers and $30,000 for married filing jointly, but completely eliminates personal exemptions. State, local and property tax deductions for those itemizing will be capped at $10,000. It also expands the medical expense deduction for two years for filers meeting that threshold from 10% AGI to 7.5% AGI. Mortgage interest will be deductible for mortgages up to $750,000 ($375,000 for married taxpayers filing separately) on properties purchased on or after December 15, 2017 and $1,000,000 ($500,000 for married taxpayers filing separately) on homes purchased before that date. The ceiling for charitable donations is now 60% of AGI. Use this calculator to determine which option is best for you.