We cannot see your return here, but it sounds like you were hit by the SALT (State and Local Tax) cap of $10000. The 2017 tax reform limited the state and local tax deduction to $10000. This means that if you paid $7000 in real estate tax, $12000 in state income tax, and $500 in personal property tax (example numbers), you are throttled at $10000. You can only deduct a max of $10000 for these categories. If your other itemized deductions did not push you over the standard deduction for your filing status, then TurboTax defaulted to the highest deduction: the standard deduction.
To see how the numbers worked out, please look at your Schedule A.
Here's how to look at your current-year return forms:
@Catwal
- 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.
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