My property tax + sales tax + mortgage interest + charitable deductions + $29,000. However, Turbo Tax saws I should take the standard deduction and not itemize. Why?

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The sum if your sales tax and property tax deductions will be truncated to $10000 (or $5000 if MFS). Presumably, if you take that into account, the standard deduction is better.

What is the Allocable Expense Statement explanation required for for form 1116 foreign tax deduction entries?

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My property tax + sales tax + mortgage interest + charitable deductions + $29,000. However, Turbo Tax saws I should take the standard deduction and not itemize. Why?

My property tax + sales tax + mortgage interest + charitable deductions + $29,000. However, Turbo Tax saws I should take the standard deduction and not itemize. Why?

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My property tax + sales tax + mortgage interest + charitable deductions + $29,000. However, Turbo Tax saws I should take the standard deduction and not itemize. Why?

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My property tax + sales tax + mortgage interest + charitable deductions + $29,000. However, Turbo Tax saws I should take the standard deduction and not itemize. Why?

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