topic Re: deductions in Deductions & credits

deductions

pstephan173 — Fri, 10 Jul 2020 15:13:42 GMT

if I know I won't meet the amount needed to use my deductions, do I have to still put them in?

Re: deductions

DoninGA — Fri, 10 Jul 2020 15:14:29 GMT

Do you still have to put them in? No you do not.

Re: deductions

Carl — Fri, 10 Jul 2020 15:23:54 GMT

IN such a case, the only reason to enter them on the federal side, would be if you are filing a state tax return and you think itemizing on the state return might help with state taxes.

Re: deductions

xmasbaby0 — Fri, 10 Jul 2020 16:02:06 GMT

If you want to skip entering your itemized deductions you can do that. Many people will not have enough itemized deductions this year to itemize, and will just be getting their new higher standard deduction. The thing is, though, that some of those deductions could make a difference on a state return even if they do not affect your federal return. Information flows from your federal return to your state return, so it might not be a bad idea to go ahead and enter them anyhow. It cannot hurt you.

The following states allow you to itemize deductions on just the state return: Alabama, Arizona, Arkansas, California, Delaware, Hawaii, Idaho, Iowa, Kentucky, Minnesota, Mississippi, Montana, New York, North Carolina, Oregon, and Wisconsin,