- Aug 11, 2013
- Reaction score
People are still allowed to itemize. Most middle class are better off with the increased standard deduction over itemizing so they don't itemize. You presented losing the ability to itemize as a bad thing - it was a tax break for most middle class and even more helpful for anyone who couldn't afford to mortgage a home.And what if it didn't? The threshold is a pretty significant for the middle class.