Sentences with phrase «break than the standard deduction»

This means it's less likely that itemizing will give you a bigger tax break than the standard deduction when you go to file your tax returns a year from now.

Even when itemization indicates a greater tax break than the standard deduction, a homeowner is only allowed to deduct a portion of the interest payments.

Not exact matches

If you drive more than 10K miles a year, it's likely you'll get the biggest tax break if you claim the standard mileage deduction

For most of these folks, the Standard Deduction provides a bigger tax break than itemizing and taking the mortgage interest tax deductiDeduction provides a bigger tax break than itemizing and taking the mortgage interest tax deductiondeduction would.