[Verse 1] When April comes and taxes call You've got choices, don't let them fall Standard deduction, simple and clean Or itemize if it's worth the scene Twenty-seven fifty for married filing joint Thirteen seven for single, that's the point Compare them both and take the best Below the line, you'll pass the test [Chorus] Below the line deductions, make your choice Standard or itemized, let math be your voice SALT and mortgage, charity too Medical bills when they're more than a few Below the line deductions, know the rules Seven point five and ten thousand, these are your tools [Verse 2] State and local taxes, SALT's the name Ten thousand cap since twenty-eighteen came Property tax and income combined But the limit keeps your savings confined Thank the Tax Cuts and Jobs Act law For putting that ceiling we all saw [Chorus] Below the line deductions, make your choice Standard or itemized, let math be your voice SALT and mortgage, charity too Medical bills when they're more than a few Below the line deductions, know the rules Seven point five and ten thousand, these are your tools [Verse 3] Mortgage interest on your home so sweet Seven fifty thousand debt limit you'll meet Acquisition debt for buying your place Home equity loans need different space Used for home improvement, then you're fine Otherwise it won't make the line [Bridge] Charity giving, open your heart Fifty percent of AGI, that's the art Get your receipt for two-fifty plus Qualified distributions without a fuss From your IRA direct to the cause Tax-free giving within the laws [Verse 4] Medical bills pile up so high Seven point five percent of AGI Before you deduct, reach that floor Then every dollar counts for more Casualty losses, disasters declared By the feds, or you're not prepared [Outro] Miscellaneous deductions took a break Twenty-eighteen to twenty-five, for goodness sake Employee expenses, tax prep fees Suspended by TCJA's decrees Below the line, now you know Standard or itemized, watch your money grow
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