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
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The $10,000 cap applies only to the state, local, real estate, and personal property taxes.
Possible itemized deductions are:
The $10,000 cap applies only to the state, local, real estate, and personal property taxes.
Possible itemized deductions are:
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