Can I itemize/deduct mortgage interest of 10,533 and capped state taxes of 10,000 for an overall deduction of 20,533, instead of taking the 12,000 standard deduction?

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Yes, the itemized deductions will be more than the standard deduction ($12,000 if you are single) and TurboTax will use the itemized deductions to get you a larger tax break.

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trying to dispose of my vehicle that I used for business travel.my car was totaled.on the car and truck expense worksheet and it won't let me buy the depreciation amount

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Can I itemize/deduct mortgage interest of 10,533 and capped state taxes of 10,000 for an overall deduction of 20,533, instead of taking the 12,000 standard deduction?

Can I itemize/deduct mortgage interest of 10,533 and capped state taxes of 10,000 for an overall deduction of 20,533, instead of taking the 12,000 standard deduction?

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Can I itemize/deduct mortgage interest of 10,533 and capped state taxes of 10,000 for an overall deduction of 20,533, instead of taking the 12,000 standard deduction?

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Can I itemize/deduct mortgage interest of 10,533 and capped state taxes of 10,000 for an overall deduction of 20,533, instead of taking the 12,000 standard deduction?

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