Published: 2026-08-15
This article provides general information for reference purposes only and does not constitute professional legal, tax, medical, or financial advice. Rules and programs may change. Always verify current details with official sources or consult a qualified professional.
What is the standard deduction for 2026?
The standard deduction is a fixed amount that reduces your taxable income. For 2026, the standard deduction is $15,000 for single filers and $30,000 for married couples filing jointly. Most taxpayers use the standard deduction because it is simple and often larger than itemized deductions.
When should I itemize deductions?
You should itemize if your eligible expenses exceed the standard deduction. Common itemized deductions include mortgage interest, state and local taxes (capped at $10,000), charitable contributions, and medical expenses exceeding 7.5% of your AGI.
How do I decide?
Calculate both the standard deduction and your total itemized deductions, then use the larger amount. Tax software automatically compares the two and chooses the better option for you.