For 2018 the standard deduction is $12,000 for individuals, $24,000 per household. If someone's itemized deductions equals the standard deduction, or is very close, which one is better to take?
For example, my understanding is if you itemize, then your state refund will be taxable, but not if you take the standard deduction. That makes the standard deduction sound like the better option. Are there reasons I might want to itemize instead, perhaps certain personal or business tax credits are treated more favorably later if I do?