Has anyone else seen an issue with turbotax not reducing federal taxes after entering property taxes paid, when itemizing deductions? State was reduced, not federal.
I have crossed the standard deduction threshold with over 30,000 in itemized deductions, yet federal taxes is not reduced when I add my property taxes. State is reduced as expected. Each of the other itemized categories reduced both federal and state as expected.
Has anyone else seen an issue with turbotax not reducing federal taxes after entering property taxes paid, when itemizing deductions? State was reduced, not federal.
If you are subject to the Alternative Minimum Tax (AMT), the property tax amount will not impact your Federal tax liability.
Has anyone else seen an issue with turbotax not reducing federal taxes after entering property taxes paid, when itemizing deductions? State was reduced, not federal.
If you are subject to the Alternative Minimum Tax (AMT), the property tax amount will not impact your Federal tax liability.
Has anyone else seen an issue with turbotax not reducing federal taxes after entering property taxes paid, when itemizing deductions? State was reduced, not federal.
I'm doing my 2019 taxes and have found the same thing with mortgage interest and charitable contributions. Fed doesn't move but state reduces. I've been using Turbotax for many years and this is the first time I've seen this.
Sign In
