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Get your taxes done using TurboTax
@SusanY1 Thank you for the quick reply and explanation Susan. I now understand the $750 addback for standard deduction.
What I don’t understand is with an itemized deduction ($18,550, which is compromised of SC income tax, and property tax on my home and cars) why turbo tax is adding back both:
1- the difference between my itemized deduction and the standard deduction, $2800
and
2- the difference between my itemized deduction and the $10,000 SALT cap, $8500
Shouldn’t it either be:
1- $2800 plus the $750 deduction increase for a total of $3550
or
2- $8500
and not both?
yesterday