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Level 2
posted Dec 26, 2020 1:29:39 PM

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?

0 2 549
2 Replies
Level 15
Dec 26, 2020 1:52:26 PM

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

Level 2
Dec 27, 2020 11:52:05 AM

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.