Skip to main content
February 12, 2025
Question

Can anyone tell me why my return would be less when I chose standard deductions over itemized when we dont have any high medical bills, real estate, etc?

  • February 12, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    February 12, 2025

    Your tax return might be lower with the standard deduction because:

     

    • Higher Itemized Deductions Before: Previously, your itemized deductions (like mortgage interest, state and local taxes, and charitable donations) were higher than the standard deduction. This reduced your taxable income more significantly.
    • Standard Deduction Now: If you switch to the standard deduction and it's lower than your previous itemized deductions, your taxable income will be higher. This means you owe more in taxes, resulting in a lower return.

    For additional information review this link: Deductions for individuals: The difference between standard and itemized deductions, and what they mean.