- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If your deductions are less than $24,000 then you are going to file “standard” in most all cases
When calculating that $24,000
- state and local taxes are limited to $10,000
- only the medical expenses that exceed 7.5% of your income is deductible (in 2019 that becomes 10%)
- there are no misc deductions
Interest and charitable deductions are mainly deductible
When calculating that $24,000
- state and local taxes are limited to $10,000
- only the medical expenses that exceed 7.5% of your income is deductible (in 2019 that becomes 10%)
- there are no misc deductions
Interest and charitable deductions are mainly deductible
February 27, 2019
7:16 PM