single filer
state taxes way over 10k cut off, so I can only deduct 10k
have mortgage bills, adding together about 15000, which is more than the standard $13,850 [great]
but next year my mortgage interest will be a lot, so I know for sure I will file itemized for 2024 tax year in 2025.
but right now I am debating whether this year i should start itemized.
i would get about 1k from state if itemized, about 100 dollars more if I take standard deduction.
it is my understanding that: state refund is only taxable to the extent that it’s more than the refund you would have received by choosing the larger refund from either Standard deduction or General sales tax.
so i will pay taxes on that extra 100 dollars in 2024 tax year in 2025, so I would pay 10 dollars back to the state.
so itemized still comes out ahead.
