Federal itemized vs std deduction

Forum|Forum|6 years ago
February 14, 2020
1 reply
15 views

Looks like my itemized deductions for federal are more than the std. deduction but TurboTax is giving me the std. deduction. Why?

AnnetteB6

Level 15

If you are looking at the itemized deduction amount strictly based on the entries you have made, you may not be taking into account the State and Local Tax (SALT) limitations that are imposed and limited to a maximum of $10,000. When that limitation is in place, your standard deduction may actually be higher.

Use the steps in the following TurboTax article to take a look at the comparison of standard versus itemized for your return and choose which option you prefer:

How do I change from the standard deduction to itemized deductions or vice versa?

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MBW12345Author

Level 2

Thx for your reply. There is no issue with the tax limitations. As info, (from the 2019 Tax Breakdown page) my deductions are Charity -$13,100, Medical exp. - $13,200, State & Local taxes - $2,400, Est taxes paid - $1,500, and Vehicle Reg fees - $130; total of $30,300. This is certainly more than the $27,000 std. deduction. How do I change to std. deduction? I have entered all of the deductions on the deductions and credits page. I see a note that says all of the deductions have been entered but do not see a note that says "change my deduction" which another responder said was there in order to change to std. deduction.

MBW12345Author

Level 2

I continued looking and found the option to change to itemized deductions. Unfortunately, the itemized deductions ($23,100) shown do not agree with the figures shown ($30,300) in the "Deductions" section of the "2019 Tax Breakdown" page of the backup information for my return. Now, I will have to figure out why the amounts are different.