Question

Do I need to enter all the info on home ownership, property tax / mortgage interest, if I know I'll still be using the standard deduction?

Forum|Forum|5 years ago
December 19, 2020
1 reply
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I know from last year that my deductions will not drive me over the standard deduction, mortgage interesnt, property taxes, etc.

Do I even need to enter them?

Not A Product Question

X

xmasbaby0

Employee

If you want to skip entering your itemized deductions you can do that. Many people will not have enough itemized deductions this year to itemize, and will just be getting their new higher standard deduction. The thing is, though, that some of those deductions could make a difference on a state return even if they do not affect your federal return. Information flows from your federal return to your state return, so it might not be a bad idea to go ahead and enter them anyhow. It cannot hurt you.

The following states allow you to itemize deductions on just the state return: Alabama, Arizona, Arkansas, California, Delaware, Hawaii, Idaho, Iowa, Kentucky, Minnesota, Mississippi, Montana, New York, North Carolina, Oregon, and Wisconsin,

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

S

SR33Author

Thanks for that info. I'll have check last year on my NY forms, I suspect that my mortgage interest and property taxes did not drive me over that limit either.

Thanks again.