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Deductions & credits
...yeah...I'll be amused.
TP: But my itemized deductions total $18,000, don't we get a Federal income deduction for that anymore?
Me: ...........so you don't want to use the larger $24,000 Standard deduction now? That can be arranged, but you can't use both.
TP: But my itemized deductions total $18,000, don't we get a Federal income deduction for that anymore?
Me: ...........so you don't want to use the larger $24,000 Standard deduction now? That can be arranged, but you can't use both.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎June 7, 2019
4:22 PM