Sentences with phrase «tax filers opt»

Currently, about 30 percent of tax filers opt for the itemized deduction — and virtually all take the SALT deduction, according to the Tax Policy Center.

About one - third of tax filers opt to itemize deductions on their federal income tax returns (figure 1), and virtually all who do itemize claim a deduction for state and local taxes paid.

Not exact matches

Tax filers may opt to itemize their deductions if it provides a more substantial tax benefTax filers may opt to itemize their deductions if it provides a more substantial tax beneftax benefit.

Yes, the mortgage interest deduction would be preserved, but with the doubling of the standard deduction to $ 12,000 (for single tax filers) and $ 24,000 (for joint filers), many current itemizers taking the mortgage write - off are likely to opt for the standard deduction.