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February 28, 2019
Question

Estimating if one qualifies for medical, and charity, deductions.

  • February 28, 2019
  • 1 reply
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My wife and I have always tracked and documented our medical/dental and charity itemized eductions. Based on a discussion with a friend (who also uses TurboTax), he thought our medical/dental expenses would have to be way higher than what ours are, to get a deduction. I'm also thinking our charity deductions may not be deductible.

 

To possibly save ourselves the effort of documenting these possible itemized deductions, is there a way to know what amount of each of  those two categories puts us into an itemized deduction threshold (based on our income, and filing jointly)? If not exact, even a rough idea might help, because we have a pretty good idea (even an exact amount for medical/dental) for one of us, through Quicken reporting) of how much we've spent in both categories, without necessarily getting exact totals.

 

I've done our taxes the last two years in TurboTax (and saved screen snapshots as I progressed through the screens), and our income is pretty much the same. Maybe there is info at the IRS; I'm not sure. Thanks for any possible help.

1 reply

February 28, 2019
If your deductions are less than $24,000 then you are going to file “standard” in most all cases

When calculating that $24,000

- state and local taxes are limited to $10,000
- only the medical expenses that exceed 7.5% of your income is deductible (in 2019 that becomes 10%)
- there are no misc deductions

Interest and charitable deductions are mainly deductible
BobTTAuthor
February 28, 2019

Our total deductions are less than $24k. Our most significant deductions are mortgagee interest and property taxes, but even adding in the rest, I believe we'll be *far* under $24k. We have a couple/few other deductions, like vehicle tax and (TurboTax) tax preparation fees, but those are *tiny*. If I believe we will not qualify for itemized deductions (and if I don't bother to add the non-qualifying defections up), should I just enter "0" for those deductions?

 

Thank you very much for your help!