11a – Schedule A – Itemized Deductions (Claim with Form 1040)

📘 Schedule A – Itemized Deductions (Claim with Form 1040):-

🔹 Purpose
Used to report itemized deductions instead of taking the standard deduction on Form 1040.

🔹 Common Deductions Allowed:-
1.   Medical & Dental Expenses – If above 7.5% of AGI
2.   State & Local Taxes (SALT) – Up to $10,000
3.   Home Mortgage Interest – On qualifying loans
4.   Charitable Contributions – Cash & non-cash donations
5.   Casualty & Theft Losses – In federally declared disasters
6.   Miscellaneous Deductions – Only if allowed by IRS rules

🔹 When to Use:-
• If your itemized deductions > standard deduction
• Common for homeowners, high-tax states, or those with large medical/charity expenses

📅 Deadline
• Filed with Form 1040 by April 15 (or Oct 15 with extension)

👉 Example:
*If your SALT = $8,000, Mortgage Interest = $12,000, and Charity = $3,000,
Total = $23,000.

*Since this is greater than 2024 standard deduction ($14,600 single / $29,200 married), you would itemize.