<prompt> Human: I am married and our combined income is 145k. We bought a house in 2015. We file married filing jointly. Our W4 is M1 for the both of us. Does it make sense for us to begin itemizing our deductions? I also pay interest on a student loan.  <response>: Do your itemized deductions exceed the standard deduction? If so, yes. If not, no. Its not really an option, you do whichever minimizes your tax burden. 