What exactly are you trying to do? If you have a home office, this is not reported on Schedule A. Schedule A is for itemized deductions. Itemized expenses include mortgage interest, state and local taxes up to $10,000, medical expenses in excess of 7.5% of your AGI, charitable donations and casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss. Your health insurance and all medical expenses are only deductible for the amount that is over 7.5% of your AGI. This means if your AGI is $50,000, then the amount that is over $3,750 is deductible.
Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your insurance premium payments.
TurboTax will automatically transfer your state and local taxes to your itemized deduction section as you enter your W-2 and any other items showing taxes withheld or estimated taxes paid.
The 2023 Standard Deductions are as follows:
- Married Filing Joint (MFJ) $27,700
- Married Filing Separate (MFS) $13,850
- Head of Household (HOH) $20,800
- Single $13,850
Blind and MFJ or MFS add $1,500
Single or HOH if blind add $1,850
Are you self-employed and have a home office? If so, then you can enter a prorated amount of your Home Mortgage interest and your Home Property taxes as expenses for your home office on Schedule C. You would not deduct any type of state and local sales taxes for this. You would ONLY enter your property taxes. As you walk through the home office section, you would be prompted to enter the size of your office and the total size of your home. So, if your home office was 200 Sq. Ft., and your home is 2,000 sq. ft. you would get a deduction for 10% of your property taxes paid IF you chose to use the actual expenses for your home office deduction instead of the standard deduction for your home office deduction.
The Home Office Deduction
Standard versus Itemized Deduction
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