Taxes

Should I Itemize My Deductions When My Standard Deduction is Higher?

Unlike me, my sister is an actual accountant. When I was talking to her about her taxes a few months ago, my ears perked up when she said she was still itemizing deductions on her federal tax return, even though her itemized deductions were less than her standard deduction.  Huh? I thought the equation was… Continue reading Should I Itemize My Deductions When My Standard Deduction is Higher?