You may be able to lower your tax bill by itemizing when you file your 2017 tax return. It’s a good idea to know both numbers before deciding on a deduction method. Itemized Deductions Include: Home mortgage interest State and local income taxes or sales taxes – but not both Real estate and personal property taxes Gifts to charities Casualty or theft losses Unreimbursed medical and employee business expenses above certain amounts Standard Deduction Amounts: Single — $6,350 Married Filing Jointly — $12,700 Head of Household — $9,350 Married Filing Separately — $6,350 Qualifying Widow(er) — $12,700 *If a taxpayer
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