When I file my taxes next year (if I am not claimed as a dependent by my parents, this remains to be seen), what are good strategies for maximizing my return besides itemizing? Should I itemize the first time I file?

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Posted by madeline.peltz (MONEY FORUMS: 4, Answers: 0)
Asked on May 1, 2016 7:58 pm
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There is no point in itemizing your deductions unless they add up to more than $6300 (for 2015…may go up a bit next year). The only deductions you can take for certain in addition to the standard deduction are retirement contributions (traditional IRA, 401k or 403b), and student loan interest (if you aren’t a dependent).

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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: May 3, 2016 5:52 pm