Itemized Deductions Calculator
Calculate your itemized deductions including medical expenses, state and local taxes, mortgage interest, charitable gifts, and more. Compare with the standard deduction and estimate your tax savings.
Step 1: Taxpayer Info
About Medical & SALT limits
Medical expenses are deductible only above 7.5% of your AGI. State and local taxes (SALT) are capped at $10,000 ($5,000 if MFS).
Step 2: Deduction Amounts
Other deductions
Casualty losses (federally declared disaster areas) and investment interest may also be deductible. Enter them in “Other”.
Deduction & Tax Savings
Total Itemized Deductions
Standard Deduction by Filing Status
| Filing Status | Standard Deduction | Your Itemized | Benefit (if itemizing) |
|---|
*Based on 2024 standard deduction amounts. Benefit = Itemized – Standard (if positive).
Deduction Components (after limits)
How Itemized Deductions Work
Medical: (expenses – 7.5% AGI) | SALT capped at $10,000 ($5,000 MFS)
You can deduct eligible expenses if total itemized exceeds your standard deduction. Tax savings = (Itemized – Standard) × marginal tax rate.
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