GiseleD
Expert Alumni

Deductions & credits

Not all of the deductions you listed are itemized deductions. Some are deducted/listed on other places on the return. 

 

Itemized Deductions:

 

Mortgage Interest: 10.3k

Real Estate Tax 3.5k (subject to the $10,000 cap on state/local taxes)

Charitable gifts: 1.5k

Medical exp: 5.2k (can only itemize medical expenses that exceed 7.5% of your AGI. I can't see your AGI, but based on the income number you provided, it is likely too high for you to leverage your medical expenses.)

Sales tax: 3.1k. (You can either deduct sales tax or state income tax withheld. Not both. Again, this deduction on Schedule A is limited to $10,000k.)

 

The below deductions do NOT get itemized. They are deducted on different areas of the return.

 

Schedule 1

Student loan interest: 2.1k

IRA deduction: 2.9k

Educator expenses/job expenses: capped at $250 per teacher. This is federal law, not a TurboTax limit. 

 

Federal Withholding: 14.1k (this is not an itemized deduction)

 

If you are filing jointly, the standard deduction for your filing status starts at $24400. If either or you are blind or over 65, then this deduction goes up. Without seeing your return, I cannot definitively do the math, but here is the math based on the data you have given me:

 

10.3k + 10k max state and local tax (assumption that you qualify for the max) + 1.5k = $21,800. Not enough to itemize. 

 

Sometimes it helps to preview your return to have a holistic view of where the numbers fell. Here's how to look at your current-year return forms:

  • In the left-hand menu bar, click on Tax Tools, then click Tools.
  • Under Other helpful links, click View Tax Summary.
  • Your Tax Summary will be displayed. In the left-hand menu bar, you will see a new option: Preview My 1040. Click it, and this will allow you to see the forms. It is important to check your 1040 before you check your state return, as much of your entries on the 1040 will impact the state return.
  • If you want to view your state entries, Click on Tax Home in the left-hand menu bar. In the center of your screen, scroll down until you see State Taxes. Click on it to review your state entries.

 

I hope this helps explain things.

 

@1ED

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