Itemized deductions are expenses that you can claim on your tax return. They can decrease your taxable income.
We do not conform to all federal itemized deductions.
You should itemize your deductions if:
- Your total itemized deductions are more than your standard deduction
- You do not qualify to claim the standard deduction
Common itemized deductions
|Your deductions cannot be more than 50% of your California (CA) adjusted gross income (AGI).|
|Deduction||CA allowable amount||Federal allowable amount|
|Medical and dental expenses||Expenses that exceed 7.5% of your federal AGI||Expenses that exceed 7.5% of your federal AGI|
|Home mortgage interest||On home purchases up to $1,000,000||On home purchases up to $750,000|
|Real estate tax deduction||May be limited if it exceeds 50% of your AGI.||$10,000|
|Vehicle/Vessel license fee||May be limited if it exceeds 50% of your AGI.||$10,000|
|Unreimbursed employee business expenses||Limited to 2% of your AGI||None|
|Gambling losses||Cannot exceed your winnings.||Cannot exceed your winnings.|
|Disaster loss||Losses that exceed $100 and 10% of your Federal AGI||Losses that exceed $100 and 10% of your Federal AGI|
|Alimony||As of December 31, 2018, the IRS no longer allows this deduction||TBD|