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Level 1
June 3, 2019
Solved

I am married with 1 child. why when i add my deductions such as mortgage interes and real estate tax the standard decuction gets higher then 24000.

  • June 3, 2019
  • 1 reply
  • 12 views

why does the standard deduction go up when my expensive are higher then 24000.?

Best answer by Vanessa11_2

If you are adding expenses and seeing the number increase above $24,000, the program switched you from Standard Deduction to Itemized Deduction. You can claim one or the other, not both, but they are both reported on line 8 on your tax return. 

The Standard Deduction will not increase when you add Real Estate Taxes or Mortgage Interest, but your Itemized Deductions will. 

1 reply

Level 13
June 3, 2019

If you are adding expenses and seeing the number increase above $24,000, the program switched you from Standard Deduction to Itemized Deduction. You can claim one or the other, not both, but they are both reported on line 8 on your tax return. 

The Standard Deduction will not increase when you add Real Estate Taxes or Mortgage Interest, but your Itemized Deductions will. 

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