My husband and I are filing as "married, filing jointly" as we've done for years and years. Our incomes are about the same as they've been and we live in the same house we've been in for years. When I entered everything into TT today, I itemized, as we've always done, to see if that would be better than the new standard deduction of 24K. Even though the itemized deductions totaled more than 26K (state and local taxes, mortgage interest, and charitable donations), TT said that it would use the standard deduction. The only reason I can figure for this is new limit of 10K for state/local property and income taxes. Does this sound like the correct reason to tax-savvy folks out there?
