A young couple buying a home would always be better off taking the standard deduction rather than itemizing deductions.

Question

Quizplus · Accepted Answer

Whether a young couple is better off taking the standard deduction or itemizing deductions depends on their specific financial situation, including the amount of their deductible expenses (such as mortgage interest, property taxes, and charitable contributions). If these itemized deductions exceed the standard deduction amount, they may benefit more from itemizing.

A Young Couple Buying a Home Would Always Be Better