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> other sources of itemizable expenses The interest payments in the first half of most mortgages get you close to the standard deduction. Only works for owner
by sparky 13y ago
> other sources of itemizable expenses
The interest payments in the first half of most mortgages get you close to the standard deduction. Only works for owners, but it's still a relatively common one.
- sokoloff 13y agoAnd your choice of state income tax or state sales tax. (for most people state income tax is far higher, and f easier to determine/prove.)
- wikwocket 13y agoYes, if you pay a mortgage and property tax, you should probably itemize. And/or if you have a lot of medical expenses. Or, if one has a corporation (for freelancing, a SAAS, whatever), maybe the corporation could donate the stuff instead? I'm not sure how charitable donations work for corps, but might be worth exploring.