Changing standard deduction to itemized deduction.

Forum|Forum|5 years ago
June 23, 2020
1 reply
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Turbo Tax some how changed my deductions to standard from itemized even though I entered more itemized deductions than the standard deduction. Now I can get to where it did this and can't change it. Do I have to start all over? I have not filed.

moneyWhispers

Level 2

I think it might be due to some changes made by the IRS. Personal itemized deductions were made obsolete until further notice.

Sherman68Author

Level 2

I have interest deductions for a few properties (not over the limitation amounts) and a $10,000 property tax deduction so that does not account for it.

Sherman68Author

Level 2

Do you have other deductions like state tax and withholding? There is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT". SALT is State And Local Tax. Which includes property tax, any state tax paid like for last year’s return and includes any state withholding from your W2s and any 1099s you have. And any taxes in W2 box 14 and 19 like SDI or VDI. You can only deduct up to 10,000 (5,000 MFS) for SALT State and Local Taxes.

The Standard Deduction is larger now and may be more than your total allowed deductions.

For 2019 the standard deduction amounts for line 9 are:

Single 12,200 + 1,650 for 65 and over or blind

HOH 18,350 + 1,650 for 65 and over or blind

Joint 24,400+ 1,300 for each 65 and over or blind

Married filing Separate 12,200 + 1,300 for 65 and over or blind

Am painfully aware of these changes, but I still have mortgage interest deductions that I should be able to take which brings it to more than the standard deduction.