https://ttlc.intuit.com/community/taxes/discussion/deductions/01/2137260#M769384 <P>My 2020 AGI is 1/5 of what it normally is and with the standard deduction i will pay $0 federal and state tax.</P><P>Question is will I be able to carry over the $45,000 worth of deductions (or a portion thereof) from 2020 to2021 OR will they just be lost?</P> Fri, 26 Mar 2021 16:05:25 GMT 2206456RJ 2021-03-26T16:05:25Z https://ttlc.intuit.com/community/taxes/discussion/deductions/01/2137260#M769384 <P>My 2020 AGI is 1/5 of what it normally is and with the standard deduction i will pay $0 federal and state tax.</P><P>Question is will I be able to carry over the $45,000 worth of deductions (or a portion thereof) from 2020 to2021 OR will they just be lost?</P> Fri, 26 Mar 2021 16:05:25 GMT https://ttlc.intuit.com/community/taxes/discussion/deductions/01/2137260#M769384 2206456RJ 2021-03-26T16:05:25Z https://ttlc.intuit.com/community/taxes/discussion/re-deductions/01/2137431#M769448 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Of the itemized deductions that you did not use in 2020, only charitable donations (if any) can be carried forward to future years if they exceed 60% of your adjusted gross income.</SPAN></SPAN></P><P>&nbsp;</P><P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Other deductions such as Medical expenses, mortgage interest&nbsp;or state and local taxes are lost if not used.</SPAN></SPAN></P> Fri, 26 Mar 2021 16:38:58 GMT https://ttlc.intuit.com/community/taxes/discussion/re-deductions/01/2137431#M769448 MinhT1 2021-03-26T16:38:58Z