- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
hi MinhT1,
Thank you for your comments/ thoughts on my question.
I am currently set as using the itemized deductions and as I went through the process, i entered in my property tax before I entered in my itemized deductions. I noticed right from the beginning that I wasn't receiving credit for my property tax.
Now that i have entered in all of my data, have wrapped it all up for both federal and state, i went back and deleted the property tax deduction and my amount owed to the federal govt didn't move by a single dollar. When I added it back in, no movement either.
I cant help but think there is a SALT tax issue going on but i've read enough on irs.gov and the FAQs here on Turbo Tax to understand that i should be getting some level of incentive/ deduction for my property tax paid. Perhaps a software problem with Turbo Tax or is there a tax guideline i'm not understanding correctly?