2023 UPDATE: Standard Deductions for 2023 (non-dependent taxpayers under age 65): Single: $13,850; Married Filing Jointly/Qualifying Surviving Spouse: $27,700; Married Filing Separately: $0 (or $12,550 if spouse doesn't itemize). Head of Household: $20,800. The State and Local Tax Deduction is limited to $5,000 for married people filing separately. As of 2022, mortgage insurance premiums are no longer deductible.
@samuelcolin277510 ай бұрын
mortgage insurance premiums are not deductible
@TheTaxGeek10 ай бұрын
No, they are not. But they were when the video was originally published.