To Itemize or Not to Itemize?
By Amy K. Frantz
As we file our taxes each year, we all come to the question of whether to use the standard deduction or to itemize our deductions. Itemizing requires more paperwork, but can result in less tax owed. Tax Foundation recently analyzed federal tax data for the 2013 tax year, the most recent available from the IRS, to discover who is itemizing their deductions and what the most popular itemized deductions are. These are the results.