ilmscore | Prediction Details
"so if you're single and you have a mortgage of over a hundred thousand dollars you will most likely need to fill out step four section B this deduction section because the reason why I say that is because I'm guessing that you have more than $100,000 loan and your interest rate is probably around three and a half percent four and a half percent so about approximately 4% so in that situation you're gonna have mortgage interest I'm also assuming that you're going to have property taxes and perhaps in most situations you'll have state taxes paid if you live in one of the states that pay state income taxes maybe you have some charitable contributions as well but regardless I think that you're going to be above the standard deduction amounts so in that case you're gonna be itemizing your deductions so that's why I say if you have a mortgage if you have a home and a mortgage of above a hundred thousand you're most likely going to be itemizing as a single person"
By ClearValue Tax | December 17, 2019 | Pending
From video
How to fill out a W4 Form 00:14:28 - 00:15:25
Interpreted Prediction
Single filers with a mortgage exceeding $100,000 are likely to itemize deductions, as the combined mortgage interest, property taxes, and potential state taxes may exceed the standard deduction.

Prediction Details

Topic
Itemizing Deductions for Single Filers

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