topic Alimony deduction cap? in Deductions & credits

Alimony deduction cap?

peterb111154 — Mon, 03 Jun 2019 20:09:44 GMT

My alimony deduction alone is $21,000 and Turbo still recommends the standard deduction of $12,000.

When I switch to itemized deductions Turbo shows only $6,000 of deductions. I can find nothing in the IRS publications about a cap on alimony deductions.

What is going on???

Alimony payments are not deductions on Schedule A. They a...

JulieR — Mon, 03 Jun 2019 20:09:45 GMT

Alimony payments are not deductions on Schedule A. They are an "Adjustment to Income" that is reported on Schedule 1 of your return.

So you get to deduct alimony in addition to the Standard...

VolvoGirl — Mon, 03 Jun 2019 20:09:46 GMT

So you get to deduct alimony in addition to the Standard Deduction.

Sounds great, however that would be over $33K of deductio...

peterb111154 — Mon, 03 Jun 2019 20:09:47 GMT

Sounds great, however that would be over $33K of deductions - seems a $268 refund is mighty low. I'll proceed and see what the final picture looks like, if I've still questions I'll add comment.
thanks!

You can preview the 1040 or print the whole return
VolvoGirl — Mon, 03 Jun 2019 20:09:48 GMT
You can preview the 1040 or print the whole return <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/3302322">https://ttlc.intuit.com/replies/3302322</a>

This year the Standard Deduction will be doubling so many...

VolvoGirl — Mon, 03 Jun 2019 20:09:49 GMT

This year the Standard Deduction will be doubling so many people will be switching to the Standard Deduction. And there is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT". And you can only deduct Medical that’s over 7.5% of your AGI. Also the deduction for job expenses have been suspended.

FAQ on 2018 changes <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return">https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return</a>

For 2018 the standard deduction amounts are:
Single 12,000 + 1,600 for 65 and over or blind
HOH 18,000 + 1,600 for 65 and over or blind
Joint 24,000+ 1,300 for each 65 and over or blind
Married filing Separate 12,000 + 1,300 for 65 and over or blind