New standard deduction should be better for me, but TurboTax says I should take itemized. Anyone know why? Is their system updated with the $10K single filer cap?

[sarahcox317]

The new 2018 standard deduction ($12K) should be better for me (single filer), but TurboTax says I should still itemize (even though itemized is $20K for me, I thought it was capped at $10K). 

Anyone know what's going on? Is TurboTax updated with itemized cap of $10K for a single filer? 

Thanks in advance

[DanaB · Accepted solution]

The $10,000 cap applies only to the state, local, real estate, and personal property taxes.

Possible itemized deductions are:

• Medical and dental costs above and beyond 7.5% of your AGI 

• State, local, real estate, and personal property taxes (capped at $10,000)

• Home mortgage interest

• Charitable donations and gifts

[sarahcox317]

Got it, thanks for the response!