According to my calculation we have about $35,000 in itemized deductions in 2018. TurboTax wants us to take the standard deduction of $25,300. Why is that?

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TomD8

Alumni - Champ

You have to look at your allowable deductions. For example, you can only deduct medical expenses that exceed 7.5% of your AGI. And under the new tax law your deduction for state and local taxes is limited to a total of $10,000.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

SweetieJean

Alumni - Champ

The $10,000 limit includes Property taxes as well.
And Charitable is limited to a percent of your income.

According to my calculation we have about $35,000 in itemized deductions in 2018. TurboTax wants us to take the standard deduction of $25,300. Why is that?

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