You are trying to decide whether to use​ the​ $6,350 standard deduction​ (single filing​ status) or your itemized​ deductions​ (Schedule​ A) line 39 on your Form 1040. Here is​ your​ information:
Interest on Student​ Loan ​ ​ $2,000
Interest on Home​ Mortgage ​ $4,000
Interest on Credit Cards ​$5,000
State and Local Income Taxes​ Paid ​ $2,500
Charitable​ Gifts​ (in​ total) ​ ​ $500
What is the benefit of choosing the itemized deduction instead of the standard​ deduction?