I am very confused when I saw Mortgage Interest is not allowed, my loan balance is around $370K and i don't see where property taxes were allowed either and a standard deduction appeared as below, whereas in the past they were allowed:
Deductions You Entered You're Allowed
Donations to charity $2600 $0
Mortgage interest $15000 $0
Standard deduction $24000 $24000
State and local taxes $4200 $0
Vehicle registration fees $260 $0
Secondly, when i say the Federal Tax Summary, i was surprised to see my Federal Deductions were half but my Taxable Income was almost double when there was not much of a change in my earnings, only $3500 increase from 2017 to 2018 as below:
2017 2018
Federal (Deductions We Found For You) $55000 $24000
Your taxable Income $43000 $80000
I am very confused, please kindly help.
Thanks!
Tu
