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Why might someone choose to use itemized deductions instead of taking the standard deduction offered by the​ irs?

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User DeDee
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1 Answer

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If you have a lot of deductions compared to a typical W2 tax payer you may itemize instead of standard deduct. An accountant can help determine which is best to file. In most cases, those who itemize have a mortgage, extra medical expenses that exceed a percentage of your adjusted gross income, W9 (contractor/work from home positions), have paid large interest and/or have donation a lot throughout the year. 
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User AKC
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