Question

NY and Federal Itemized deductions are different?

Forum|Forum|5 years ago
December 26, 2020
1 reply
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I used itemized deductions in 2019. The amount allowed for NY is about 6, 000 dollars less than the amount the Feds allowed. Why?

B

Bsch4477

Employee

Was some of your federal deduction for state income tax paid? That would not be a deduction on your state return.

M

mobster27Author

Thank you for your quick reply. I live in Florida which is a no-income tax state. I do pay property taxes in other states besides Florida...NC and MA, but I believe I don't hit the SALT limit. The Federal return allowed me a deduction of 27800ish...and NY only gave me 21600ish. What if I had taken the standard deduction? Based on your answer, I'm thinking that it would be a better blanket, covering everything. This year's deductions will be under the standard so it will be a moot point for 2020.