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Schedule A (Form 1040 or 1040-SR): Itemized Deductions is an Internal Revenue Service (IRS) form for U.S. taxpayers who choose to itemize their tax-deductible expenses rather than take the standard deduction.

If your expenses throughout the year were more than the value of the standard deduction, itemizing is a useful strategy to maximize your tax benefits. Keep in mind that not all expenses qualify when you itemize. Itemized deductions include products, services, or contributions that have been approved by the IRS.

2020 itemized deductionsMortgage interest.Charitable contributions.Medical expenses.State and local taxes.Jan 25, 2020

In order to claim itemized deductions, you must file your income taxes using Form 1040 and list your itemized deductions on Schedule A:Enter your expenses on the appropriate lines of Schedule A.Add them up.Copy the total amount to the second page of your Form 1040.More items...?Oct 16, 2021

Use Schedule A (Form 1040 or 1040-SR) to figure your itemized deductions. In most cases, your federal income tax will be less if you take the larger of your itemized deductions or your standard deduction.

In order to claim itemized deductions, you must file your income taxes using Form 1040 and list your itemized deductions on Schedule A:Enter your expenses on the appropriate lines of Schedule A.Add them up.Copy the total amount to the second page of your Form 1040.More items...?Oct 16, 2021

Some common itemized deduction to qualify for include:Medical expenses.Property, state, and local income taxes.Home mortgage interest.Charitable contributions.Investment interest expense.Miscellaneous deductions.