In 2019 I had total Deductions of $57,331 (Educator Expenses $250, Gifts & Donations to Charity $4,050, Mortgage Interest $23,599, Real Estate Taxes of $13,953, and State and Local Income or Sales Tax of $15479) The Real Estate Taxes and State and Local Income/ Tax exceeded the $10K threshold by ($19,432) so was excluded bringing my total deductions to $37,899 which was higher than the standard deductions so was itemized.
Now, in 2020 Turbotax is showing I should use the standard deduction after total Deductions of $50,447 (Educator Expenses $250, Gifts & Donations to Charity $2,750, Mortgage Interest $18,894, Real Estate Taxes of $15,164, and State and Local Income or Sales Tax of $13,389*) The Real Estate Taxes and State and Local Income/ Tax exceeded the $10K threshold by ($18,553) so should be excluded bringing my total deductions to $31,894 which is higher than the standard deduction. When I click through and try to select switching to itemized though it suggests my total would only be $21,348 and not the $31,894?
*What is odd though is that I have to imply or back into my State and Local Income amt of $13,389 because besides my std deduction the only number I see is the disqualified amt over $10K of ($18,553). The difference between std deduction and my total calculated is $7,094 which isn't peanuts. Looking for help to understand what is going on.
