Question

Can I deduct mortgage interest, vehicle registration fee, charitable deductions and if so, why did the questionaire not ask me for these. Why?

Forum|Forum|5 years ago
July 6, 2020
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Can I deduct mortgage interest, vehicle registration fee, charitable deductions and if so, why did the form not ask me for these?

TurboTax Deluxe Online

VictoriaD75

Yes. These are part of itemized deductions.

If you are trying to determine if you itemize versus taking the standard deduction, you would only itemize if your total deductions exceed the standard deduction for your filing status.

Itemized deductions include medical expenses in excess of 7.5% of AGI, mortgage interest, state and local taxes including real estate taxes (capped at $10,000), and charitable contributions.

You can review the deductions in the Deductions & Credits section of TurboTax and see if anything pertains to your personal situation. TurboTax will assign the deduction that provides the best tax benefit for you.

What are Itemized Tax Deductions?

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