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