Читать книгу J.K. Lasser's 1001 Deductions and Tax Breaks 2022 - Barbara Weltman - Страница 12

In 2021, you are single, age 68, and not blind. Your standard deduction is $14,250 ($12,550 + $1,700).

You cannot claim any additional standard deduction that applies to those 65 or older and/or blind if you choose to itemize deductions in lieu of claiming the basic standard deduction amount.

Individuals who do not itemize but suffer a net qualified disaster loss in a federally declared disaster area can effectively increase their standard deduction amount. Net qualified disaster losses are explained in Chapter 12.

Instead of claiming the standard deduction, you can opt to list certain deductions separately (i.e., itemize them). Itemized deductions include:

 Medical expenses

 Taxes

 Interest payments

 Gifts to charity (without regard to the dollar limit allowed for those claiming the standard deduction)

 Casualty and theft losses in federally‐declared disaster areas

 Gambling losses

 Estate tax payments on income in respect of decedents

Generally, claim the standard deduction when it is greater than the total of your itemized deductions. However, it may save overall taxes to itemize, even when total deductions are less than the standard deduction, if you are subject to the alternative minimum tax (AMT). The reason: The standard deduction cannot be used to reduce income subject to the AMT, but certain itemized deductions can.

In the past there was an overall limit on itemized deductions for high‐income taxpayers. This limit does not apply for 2018 through 2025.

If a married couple files separate returns and one spouse itemizes deductions, the other must also itemize and cannot claim a standard deduction.