How Much Is Itemized Deduction For 2024. When they add up to more than the standard deduction, itemized deductions can save more on taxes. Yet, you could be single with only $17,000 in itemized deductions, including $5,000 in mortgage interest, and save more than $1,000 by itemizing.
Should you do the same? On the other hand, itemized deductions allow you to list specific expenses such as mortgage interest,.