- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
There are some limits on some of these deductions. For medical expenses, only the amount in excess of 7.5% of your AGI can be deducted. For the SALT category which includes real estate taxes and state and local income taxes or state and local sales taxes, the limit is $10,000. There are also some mortgage interest limits that don't affect most filers. Does this explain the shortfall of about $3000?
‎June 3, 2019
5:38 PM