Many taxpayers who previously itemized will start claiming the standard deduction when they purchase a home.

Name: Many taxpayers who previously itemized will start claiming the standard deduction when they purchase a home.
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Purchasing a home often increases the likelihood of itemizing deductions due to mortgage interest and property tax deductions, making itemizing more beneficial than the standard deduction for many taxpayers.

Many Taxpayers Who Previously Itemized Will Start Claiming the Standard