Are you trying to determine if you should use the standard or itemized deductions? I've been asked by several people "At what point do I start itemizing my deductions?" In some cases people believe it has to do with marriage or age that determines which option you should use. In actuality the determination is by how much it will save you on taxes. Typically an individual or married couple only itemize if they own their personal residence and have a mortgage against it; however, there are a … [Read more...]