SEE-1 - Deductions and Credits - Section 3.1
Compare standard and itemised deductions, including medical expenses (7.5% AGI floor), SALT cap, mortgage interest, and charitable contributions.
Compare the standard deduction amounts by filing status with total allowable itemised deductions to determine which reduces taxable income further. Recognise the key Schedule A limitations: the 7.5% AGI floor on medical expenses, the $10,000 state and local tax (SALT) cap, and the rules governing mortgage interest and charitable contribution deductions.
Standard deductionItemised deductionsSALT capMedical expense floor
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