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Level 1
Mar 29, 2022 3:00 AM UTC
Question

Deductions

I'm Married filing jointly. Turbo tax is telling me the I've maximized my deduction at $10,000. I thought the max deduction for a married couple was $25,100. Please advise

    2 replies

    Level 10
    Mar 29, 2022 3:07 AM UTC

    I believe this is in reference to your home mortgage deduction, not total dedutions.

    Carl
    Level 11
    Level 11
    Mar 29, 2022 3:16 AM UTC

    It sounds like you may be confusing the standard deduction of $25,100 for a married couple filing joint, with the State and Local Taxes (SALT) imtemized deduction limit on the SCH A. You are limited to deducting a maximum of $10,000 that you may pay in state and other local taxes.