topic Property Tax Deduction in State tax filing

Property Tax Deduction

bwbarren — Fri, 27 Mar 2020 00:51:38 GMT

Since it is better for me to file with the standard deduction for my Federal return, would it be better to enter my property taxes and interest on my state return?

Re: Property Tax Deduction

CatinaT1 — Fri, 27 Mar 2020 01:11:42 GMT

Even if you use the standard deduction for Federal, depending on your state, you may be able to deduct those items. Regardless, this is entered in the Federal section and carried over to your state return.

Re: Property Tax Deduction

fanfare — Fri, 27 Mar 2020 15:27:46 GMT

Always shoot for the Itemized deduction and let the program apply any cutoffs.
For instance in NJ the property tax deduction limit is higher than the federal property tax deduction limit.