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If you can exceed the standard deduction then "yes" you should take the higher of the two to minimize your income taxes.
Only the State income tax -not the Federal taxes withheld are an itemized deduction.
Also the new tax law capped the State and Local Income taxes (SALT) at $10,000.
Really the best way to find out is to enter it in the program to see if you exceed the $24,000.
For some more detail on the tax law changes see this detailed explanation below.
https://ttlc.intuit.com/replies/6971774
If you can exceed the standard deduction then "yes" you should take the higher of the two to minimize your income taxes.
Only the State income tax -not the Federal taxes withheld are an itemized deduction.
Also the new tax law capped the State and Local Income taxes (SALT) at $10,000.
Really the best way to find out is to enter it in the program to see if you exceed the $24,000.
For some more detail on the tax law changes see this detailed explanation below.
https://ttlc.intuit.com/replies/6971774
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