Independent neighborhood guide, not affiliated with any homeowners association, property manager, city or official board.
Updated October 23, 2026
For years, most homeowners itemized their deductions, because mortgage interest and property taxes added up to more than the standard deduction.
That changed when the standard deduction roughly doubled in 2018. Today many homeowners take the standard deduction instead.
Here’s how to think about it.
Compare every year
Each year you can choose whichever gives you the bigger deduction: the standard deduction or your itemized total. Itemized deductions can include mortgage interest, state and local taxes up to a cap, and charitable gifts. The standard deduction and the cap on state and local taxes are set by law and adjusted over time.
What it means for buyers
Don’t count on a tax break to make a home affordable. Look at the payment, the equity you build and your plans. If a tax benefit comes, it’s a bonus. Read The Mortgage Interest Deduction and Mortgage Points, then start with the buyer questionnaire.
This is general information, not financial, tax or legal advice. Talk with your lender, CPA or attorney about your situation.
A simple plan for your itemizing vs. the standard deduction move
I’ve been helping people buy and sell homes across the west metro for about two decades, and I build and remodel luxury homes too. I’ll help you see both what a property is and what it could be.
Getting the house ready, or making it yours
If you’re selling and want repairs handled before buyers see them, Super Crew Contractors can give you an estimate. If you’re ready for something custom, Ivy Lane Homes does luxury home building and remodeling. And a quick coverage check with Intrinsic Insurance before closing can save you a surprise. For the local picture, read my Chaska homes guide or browse neighborhoods in Chanhassen and Victoria.
Your next step in itemizing vs. the standard deduction
Every move is different. When you’re ready to talk about yours, I’m a call or text away.
Please note: I don’t handle rentals or property management. I work with buyers and sellers, and that’s where I can help you most in itemizing vs. the standard deduction.
Stay close to the market, without the noise.
Every so often I send a short, practical note: what Twin Cities homes did, prep tips that are worth the money, and neighborhoods worth a look.
Thank you! You’re on the list.
I’m glad you’re here. A quick confirmation is on its way to your inbox. Whenever you want to talk about your own home or a move, I’m a call or text away.
