For my main home's property tax that I paid in 2017, I got this message:
"Good news: You qualify for a property tax deduction of $xx,xxx"
which is the full amount that I just entered.
However, the Federal Tax Due, in RED, at the top of the app window did NOT change.
What gives? ... Is this a bug?
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That is a deduction which reduces your taxable income ... it is not an amount added to your refund.
And until the total of all your itemized deductions exceeds the standard deduction for your filing status you will not see a change in the refund on that meter.
That is a deduction which reduces your taxable income ... it is not an amount added to your refund.
And until the total of all your itemized deductions exceeds the standard deduction for your filing status you will not see a change in the refund on that meter.
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