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New $32,200 standard deduction: Is itemizing still worth it after the latest IRS changes?
With the 2026 standard deduction soaring to $32,200 for joint filers and SALT cap changes, should you still itemize? We break down the pros and cons.
Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.
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