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Deductions & credits
Most likely your total deductible items entered is what is represented in the $25,000 number but they may not all be allowed to "count" toward the deduction.
For example, state and local taxes (this include state income tax, property tax, and any deductible sales tax) in excess of the $10,000 cap isn't counted in the final number.
Medical expenses entered are also adjusted - only the amounts that exceed 7.5% of your AGI counts in the final deduction.
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March 31, 2025
10:56 AM