topic State and Local Taxes over $10,000 in Deductions & credits

State and Local Taxes over $10,000

lisak789 — Sat, 01 Mar 2025 20:14:18 GMT

In 2023 I paid around $7000 in state and local taxes. My 2024 took $2193 off of my standard deduction for state and local taxes greater than $10,000. I only had about $7000. How do I fix this?

Re: State and Local Taxes over $10,000

NCperson — Sat, 01 Mar 2025 20:18:33 GMT

some missing facts here...

did you itemize in 2023?

did you receive a state tax refund in 2024 from your 2023 tax return? how much was that?

the standard deduction wouldn't adjust for state and local taxes. What line numbers are you looking at and what is on each line?

Re: State and Local Taxes over $10,000

lisak789 — Sat, 01 Mar 2025 20:33:56 GMT

I took the standard deduction in 2023. My state refund was under $600.

I'm looking at the summary in the 2024 TurboTax program. Under deductions it lists Standard deduction, vehicle registration fee and State and Local taxes greater than $10,000. The info for the first 2 entries are correct, but the third entry for 2024 is -$2193.

Re: State and Local Taxes over $10,000

NCperson — Sat, 01 Mar 2025 21:07:16 GMT

@lisak789 what is on Line 12 of Form 1040?

If you are taking the standard deduction then it should be $14,600 (filing single); the information for itemization doesn't matter.