For 2026, the standard deduction is $14,600 (single), $29,200 (married), or $21,900 (head of household). You should itemize only if your total deductions exceed these amounts.
Interest paid on home loans up to $750,000
State and local property taxes
Donations to qualified organizations
Expenses exceeding 7.5% of AGI
Interest paid on qualified student loans
Portion of home used exclusively for business
Ordinary and necessary business expenses
Business use of vehicle
Self-employed health insurance
Traditional IRA, 401(k) contributions
Classroom supplies for teachers
State and local income taxes paid
Maintain receipts, invoices, and documentation for all deductions you claim
Some deductions must be paid within the tax year to qualify
Each deduction has specific requirements and income limitations
Consider working with a tax professional for complex situations