Standard vs Itemized Deduction Calculator
Compare the 2026 standard deduction with your itemized deductions (mortgage interest, state and local taxes, charity, medical) and see the tax savings.
Your numbers
- Itemized total
- $29,000
- Standard deduction
- $16,100
- Tax saved vs the other option
- $2,838
- Standard
- Itemized
How the standard vs itemized deduction calculator works
Itemized = mortgage interest + SALT (capped at $40,400) + charity + medical expenses above 7.5% of AGI. Pick the larger of itemized or standard. Tax savings use your marginal rate.
Example
Using the default inputs (AGI: $120,000; Filing status: Single; Mortgage interest: $14,000; State & local taxes paid: $12,000; Charitable gifts: $3,000; …), the calculator returns itemize of $29,000. Change any field above to see your own result and charts update instantly.
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Frequently asked questions
What is the SALT cap?
State and local tax deductions are capped at $40,400 for 2026, phasing down for high earners.
Can I do both?
No. You choose one or the other each year.
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Estimates are for educational purposes only and are not financial, tax or legal advice. Results depend on your inputs and simplified assumptions; tax figures reflect 2026 federal rules and may differ from your situation. See our disclaimer. © 2026 FinanzCalc.