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Deductions & credits
There has been a change in the way our summary screens display state and local taxes. In 2018 the screen listed the total of all state and local taxes entered into the program, even though the deduction was capped at $10,000. This year, the screen shows the total amount that is being deducted (and will cap at $10,000, when applicable).
If went through the Deductions & Credits section and entered all of your data, the indicator of $24,000 is telling us that your standard deduction was greater than the sum of your itemized deductions, after limitations were taken into consideration.
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‎July 12, 2020
4:22 PM