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Can I manually adjust Schedule A? I am looking to adjust the taxes paid on line 5A as the software isn't calculating it properly.
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Can I manually adjust Schedule A? I am looking to adjust the taxes paid on line 5A as the software isn't calculating it properly.
What's wrong? Too much, too little? You have to find the individual entries that make it up. What do you think is missing?
State and local taxes paid are:
-any state withholding from your paychecks, retirement checks, unemployment checks, etc.
-a state tax due (for any year) you paid last year
-any state estimated tax payments you made during year including an overpayment applied from last year
-any local taxes withheld on your checks like SDI in box 14 or 19 on your W2
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Can I manually adjust Schedule A? I am looking to adjust the taxes paid on line 5A as the software isn't calculating it properly.
Are you considering the tax limitation that started in 2018?
There is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT". SALT is State And Local Tax. Which includes property tax, any state tax paid like for last year’s return and includes any state withholding from your W2s and any 1099s you have. And any taxes in W2 box 14 and 19 like SDI or VDI. You can only deduct up to 10,000 (5,000 MFS) for SALT State and Local Taxes.
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Can I manually adjust Schedule A? I am looking to adjust the taxes paid on line 5A as the software isn't calculating it properly.
if you override the amount, you will not be able to e-file.
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