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2. Mortgage Interest Deduction: Limits and How It Works - AOL

   www.aol.com/finance/mortgage-interest-deduction...

   If your itemized deductions exceed your standard deduction, you’ll claim your mortgage interest deduction on Schedule A of Form 1040. Note that some other potential deductions related to your ...

3. The 6 Most Important Tax Deductions You Need to Claim - AOL

   www.aol.com/finance/6-most-important-tax...

   First, they must file a form 1040 and itemize deductions on Schedule A. ... The maximum deduction you can claim for all state and local taxes, including real estate and personal property tax ...

4. Five Most Common Tax Deductions - AOL

   www.aol.com/news/2011-01-01-five-most-common-tax...

   It's rare that the decision to itemize or take the standard deduction hinges on some of the smaller deductions that you can claim on your federal form 1040, Schedule A. This is because the ...

5. Mortgage interest deduction: What it is and what qualifies - AOL

   www.aol.com/finance/mortgage-interest-deduction...

   Claiming mortgage interest on taxes also requires you to itemize your deductions. You can use ... 2017, you can deduct only the interest on the first $750,000 if you are single or married filing ...

6. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   A taxpayer can only deduct the amount of miscellaneous itemized deductions that exceed 2% of their adjusted gross income. [6] For example, if a taxpayer has adjusted gross income of $50,000 with $4,000 in miscellaneous itemized deductions, the taxpayer can only deduct $3,000, since the first $1,000 is below the 2% floor.

7. Should you itemize or take a standard deduction on your tax ...

   www.aol.com/news/itemize-standard-deduction-tax...

   When tackling your taxes, it can sometimes be hard to figure out whether to opt for a standard deduction or itemize. According to tax pros, itemizing generally only makes sense if your itemized ...