topic standard deduction in Deductions & credits

standard deduction

davej — Tue, 19 Jan 2021 23:02:17 GMT

I know I will use the standard deduction in turbo tax home and business. Always have!

My question is what is the point of listing property tax, sales tax, automobile registration, and a few other items if I know I will not itemize. My state return is California.

Re: standard deduction

Bsch4477 — Tue, 19 Jan 2021 23:34:11 GMT

California has a much lower standard deduction than the federal so some tax payers file federal with the standard deduction and itemize on the state return.

Re: standard deduction

ColeenD3 — Tue, 19 Jan 2021 23:35:09 GMT

It may not serve any purpose, however, California does allow some deductions that the Federal return does not include.

Please see this CA link for more information.

Re: standard deduction

xmasbaby0 — Wed, 20 Jan 2021 01:45:31 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,