Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
mobster27
Returning Member

NY and Federal Itemized deductions are different?

I used itemized deductions in 2019.  The amount allowed for NY is about 6, 000 dollars less than the amount the Feds allowed.  Why?

2 Replies
Bsch4477
Level 15

NY and Federal Itemized deductions are different?

Was some of your federal deduction for state income tax paid?  That would not be a deduction on your state return. 

mobster27
Returning Member

NY and Federal Itemized deductions are different?

Thank you for your quick reply.  I live in Florida which is a no-income tax state.  I do pay property taxes in other states besides Florida...NC and MA, but I believe I don't hit the SALT limit.  The Federal return allowed me a deduction of 27800ish...and NY only gave me 21600ish.  What if I had taken the standard deduction?  Based on your answer, I'm thinking that it would be a better blanket, covering everything.  This year's deductions will be under the standard so it will be a moot point for 2020.

Dynamic AdsDynamic Ads
Privacy Settings
v