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Itemized deductions
To whom it may concern
I have entered 17,500 in charitable donations and Medical costs. In addition I have entered 12 K in real estate and mortgage interest I know there is now a limitation of 10 K for real estate taxes and interest
So Ii should have a itemized deductible total of 27,500 however turbo tax app is choosing standard deduction of 24,400, Is there an issue with app calculating itemized deductions. The app has not changed much since last year and I have entered my deductions in the same fashion as last year
Regards
Robert J Arcidiacono Jr
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Deductions & credits
You can only deduct the amount of medical expenses in excess of 7.5% of your Adjusted Gross Income so that is a big threshold for medical expenses.
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Deductions & credits
That's it!!!! I should have known that. That's what you get when you procrastinate on your taxes. You don't think clearly
Thank you very very much!!!! You made my day.
Regards
Robert J Arcidiacono Jr.