The new 2018 standard deduction ($12K) should be better for me (single filer), but TurboTax says I should still itemize (even though itemized is $20K for me, I thought it was capped at $10K).
Anyone know what's going on? Is TurboTax updated with itemized cap of $10K for a single filer?
Thanks in advance
The $10,000 cap applies only to the state, local, real estate, and personal property taxes.
Possible itemized deductions are:
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
