Can I itemize/deduct mortgage interest of 10,533 and capped state taxes of 10,000 for an overall deduction of 20,533, instead of taking the 12,000 standard deduction?

Forum|Forum|7 years ago
June 6, 2019
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TurboTax Deluxe Online

MinhT1

Level 15

Yes, the itemized deductions will be more than the standard deduction ($12,000 if you are single) and TurboTax will use the itemized deductions to get you a larger tax break.

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Can I itemize/deduct mortgage interest of 10,533 and capped state taxes of 10,000 for an overall deduction of 20,533, instead of taking the 12,000 standard deduction?

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