Taxes are coming
“It's going to be difficult for most taxpayers to exceed that amount, so they'll take the standard deduction.” Just using the short form, no scrambling around trying to dig up bills and receipts and all of that to come up with deductions. But if you are still interested in and want to try itemizing and such, the law does keep in place most of the deductions we may have used in the past, including home mortgage interest, state and local taxes, medical expenses, charitable contributions. But Tigransays there is a $10000 cap on the state and local taxes. And as far as medical expenses… “a medical expense deduction can only be taken for those medical expenses that exceed 10 percent of your income.