Can you itemize your state taxes on your federal tax return?
Monday, March 5th, 2007
Caribou2 asked:
I hear so much about how you won’t have enough to itemize to overcome the standard deduction if you don’t own a home.
I hear so much about how you won’t have enough to itemize to overcome the standard deduction if you don’t own a home.
However, I paid almost $4000 in state taxes in 2006, which is close to my standard deduction of $5150 (single). I’ve heard that you can itemize state taxes. Does that mean many people can have enough to itemize (using their state taxes) without owning a home?
