Should You Take The Itemized or Standard Deduction in 2026?

Learn Which Tax Deduction Will Save You the Most in 2026 Get a Free Consultation: https://mycpacoach.com/contact/ In this video, I break down the NEW rules for the standard deduction and itemized deductions (including key updates from the Big Beautiful Bill) so you can make the right decision when filing your 2026 tax return. I cover how tax deductions work, what the updated standard deduction amounts look like, and the 5 major itemized deduction categories you need to know, including medical expenses, state and local taxes, mortgage interest, charitable donations, and casualty/theft losses. As a licensed CPA who tax plans every day, I’m going to break this down step by step. Go ahead and save this video, hit the like button below, and let’s jump right in. #taxdeductions #taxstrategy #cpa #taxplanning #standarddeduction #itemizeddeduction Standard vs. Itemized Deduction: (0:00) What is a Tax Deduction: (0:58) New Standard Deduction: (2:29) 2026 Senior Deductions: (3:22) New Itemized Deduction: (4:01) Medical & Dental Deduction: (4:22) HSA Benefits: (5:22) SALT Deduction: (5:49) Mortgage Interest Deduct: (6:39) Charitable Tax Deduction: (7:18) Casualty and Theft Losses: (8:31) Which Deduction is More Beneficial: (9:22) /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).