What Are Itemized Deductions?
Itemized deductions are specific eligible expenses that US taxpayers can list and subtract from adjusted gross income instead of taking the standard deduction. Common examples include certain mortgage interest, state and local taxes up to a limit, charitable contributions, and qualifying medical expenses above a threshold.
Itemize or Take the Standard Deduction
A taxpayer generally uses whichever is larger: the total of itemized deductions or the standard deduction for their filing status. Itemizing requires records supporting each deduction.
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🔗 Related Terms
More Taxes Terms
- Additional Medicare Tax
- Alternative Minimum Tax (AMT)
- Capital Gains Tax
- Capital Loss
- Child Tax Credit
- Cost Basis
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Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.