It depends. The itemized deductions (Schedule A) were modified due to Tax Cuts and Jobs Act 2017. If your total itemized were not fully deducted maybe because of the following : You may choose between sales tax and local taxes or income taxes, whichever iwas greater but couldn't deduct both. Total taxes which includes real estate taxes, income tax or sales tax, and personal income taxes may not exceed $10,000 if iling married joint or $5,000 for married filing separately. Medical expenses were deductible after 7 1/2 % of adjusted gross income. Unreimbursed employee business expenses were suspended in 2017. However, it may be deductible on your state income taxes.

Question

I have my itemized deductions totalling to 36K, but turbo tax is considering only 26K? Why is it so?

Forum|Forum|5 years ago
February 14, 2021
1 reply
0 views

No text available

TurboTax Live Premier Online

J

JoannaB2

It depends. The itemized deductions (Schedule A) were modified due to Tax Cuts and Jobs Act 2017. If your total itemized were not fully deducted maybe because of the following :

You may choose between sales tax and local taxes or income taxes, whichever iwas greater but couldn't deduct both.
Total taxes which includes real estate taxes, income tax or sales tax, and personal income taxes may not exceed $10,000 if iling married joint or $5,000 for married filing separately.
Medical expenses were deductible after 7 1/2 % of adjusted gross income.
Unreimbursed employee business expenses were suspended in 2017. However, it may be deductible on your state income taxes.