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posted Feb 27, 2021 8:04:21 AM

Software selecting standard deduction even though itemized is higher?

Completing my 2020 tax return.  My itemized deductions are much higher than the standard.  Why is the software only giving me the standard deduction?  My tax liability is not zero either.  HelP!

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1 Replies
Level 15
Feb 27, 2021 8:13:47 AM

Are you looking at the gross deductions?  Not all count at 100%.  For example, the total of property/state/local taxes is capped at $10,000.   And only the amount of Medical that is in excess of 7.5% of AGI qualifies.

 

If you have self-employment expenses, those go on Schedule C, not Schedule A.