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Unlike the standard deduction, itemized deductions result in different taxable income amounts from person to person. Those who qualify for the standard deduction have the leeway to choose the itemized route; however, individuals who are not eligible for the standard deduction can only itemize their tax deductions.
If your itemized deductions total more than your standard deduction, you should itemize your deductions. In order to itemize deductions on your income tax returns follow these steps.nly those expenses, which exceed 7.5% of your gross adjusted income, may be itemized. To calculate the amount you may itemize: 1  Take your adjusted gross income, as reported on line 38 of IRS form 1040, and multiply it by .075. 2  Subtract that number from your total qualified medical and dental expenses.