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March 20, 2024
Question

Exceeding the standard deduction threshold

  • March 20, 2024
  • 1 reply
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When entering deductions, display how far you are from exceeding the standard deductions. That way if you see that you are far from meeting that threshold, you can then skip the deduction data entry.

1 reply

Employee
March 20, 2024

You are using desktop software.   Did you use forms mode to look at your Schedule A while you were working?

 

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.**