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What if: You have real estate(property) taxes of $7000 per year, your state taxes are $4000 per year, and mortgage interest is $2000, and your
What if: You have real estate(property) taxes of $7000 per year, your state taxes are $4000 per year, and mortgage interest is $2000, and your other itemized deductions you can take is $2000. Would you use your standard deduction or itemized deduction? (You have to figure out your category of filing (single, married filing jointly, head of household etc.) and the standard deduction for your specific category, keep in mind the SALT limit)
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