It is worth itemizing deductions in any tax year when the amount of your itemized deductions exceeds the value of the standard deduction. Doing so will allow you to save more money because your itemized deductions will provide a greater reduction in your taxable income. You will file your tax return in 2023 for the income you earned in 2022. The standard deduction is higher in 2023, with single filers and married separate filers able to deduct $13,850; married joint filers able to deduct $27,700; and heads of household able to deduct $20,800. Unless your itemized deductions exceed these limits, it's probably not worth itemizing.