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Itemized deductions

Specific expenses you can deduct on Schedule A instead of the standard deduction: state and local taxes up to the SALT cap, mortgage interest, charitable contributions, and medical expenses above 7.5 percent of AGI.

What is Itemized deductions?

Specific expenses you can deduct on Schedule A instead of the standard deduction: state and local taxes up to the SALT cap, mortgage interest, charitable contributions, and medical expenses above 7.5 percent of AGI.

Why it matters on your return

Itemizing only helps when the total exceeds the standard deduction. Bunching charitable gifts into one year, or paying property tax before year end, can push a taxpayer over the line in alternating years.

Example

A couple gives $12,000 a year to charity. Giving $24,000 every other year and taking the standard deduction in between produces more total deduction than $12,000 annually.

Are gambling losses itemized?

Yes, and only up to winnings, and only 90 percent of them starting in 2026.

Source: IRS Schedule A instructions

Last reviewed September 17, 2026. Tax rules change; confirm current law before acting.

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