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Deductions & credits
No. The state and local tax of $981 has no effect at all since you did not have enough other itemized deductions to exceed your standard deduction. Itemized deductions that go on Schedule A have no effect unless the total of the itemized deductions exceeds your standard deduction of $14,600. The IRA did not go on Schedule A, so it helped you. The state and local tax did not help.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎April 13, 2025
4:47 PM
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