Tax Withholding Estimator
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Standard deduction or itemized deductions
When you file your taxes, you can reduce your taxable income by choosing either the
Most people take the standard deduction because the amount is higher than what they’d get by itemizing.
If you choose to itemize deductions, we'll ask you about your expenses and calculate the total amount for you.
If your filing status is Married Filing Separately, you’re required to take the standard deduction if your spouse does. If your spouse itemizes their deductions, you’re required to itemize your deductions, too.
Based on your answers, your standard deduction amount is
Itemized deductions
If you choose to itemize, we need to ask more questions.
If the total of your itemized deductions is higher than the standard deduction, we use that amount to calculate your results. This is more advantageous for you.
You chose to apply the standard deduction instead of itemizing. You can continue to the next page.
Estimate the amount for deductions you plan to take this year.
State and local taxes
If you and your spouse pay state and local taxes, you can deduct up to
You can deduct:
- State and local real estate taxes
- State and local personal property taxes
You can also deduct one of the following:
- State and local income taxes
- State and local general sales taxes
Gifts to charity
If you or your spouse donate to a qualifying organization, you can deduct those donations.
Qualified mortgage interest and investment interest expenses
If you or your spouse borrow money to buy a main or second home or investment property, you may be able to deduct the interest and points you paid on that loan.
Mortgage insurance premiums
If you and your spouse will pay a premium for mortgage insurance in
Qualified mortgage insurance includes:
- Private mortgage insurance on conventional loans
- Mortgage insurance premiums on Federal Housing Administration loans
- Funding fees on Veteran Affairs loans
- Guarantee fees on USDA's Rural Housing Administration loans
Medical and dental expenses deduction
If you or your spouse pay out-of-pocket (not reimbursed by insurance) for medical and dental expenses or premiums, you can deduct the amount of your total expenses over
Casualty losses
If you and your spouse experience any casualty, disaster, or theft losses due to a state or federally declared disaster, you can deduct those losses.
You can also deduct losses due to theft related to a transaction entered into for profit.
The losses must not be covered by insurance.
Other itemized deductions
You and your spouse may be able to deduct any of these expenses:
- Amortizable premium on taxable bonds
- Casualty and theft losses from income-producing property
- Excess deductions (including administrative expenses) allowed a beneficiary on termination of an estate or trust
- Federal estate tax on income of a person who has died
- Amounts paid as part of your trade or business that represent restitution, remediation, or to come into compliance with the law
- 90% of gambling losses up to the amount of gambling winnings
- Impairment-related work expenses of persons with disabilities
- Losses from Ponzi-type investment schemes
- Repayments of more than $3,000 under a claim of right
- Otherwise deductible costs incurred in connection with any action involving a claim of unlawful discrimination
- Unrecovered investment in an annuity
- An ordinary loss attributable to a contingent payment debt instrument or an inflation-indexed debt instrument (for example, a Treasury Inflation-Protected Security)
Itemized deductions total:
We’ll use whichever number is higher when we calculate your results: either the standard deduction or your total itemized deductions.