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Level 3
posted Feb 24, 2020 2:04:34 PM

Under Standard Deduction - keep on keeping records, and the State of Oregon

Now that I've experienced 2 years in a row JUST under the Standard Deduction (for my wife and I who are retired), I'm wonder if we can just bail out of keeping records for a potential deduction. Yes, we were just a few hundred dollars away from the threshold ($27,000 this year)… but, hey, maybe it's a wasted effort.

Could we skip medical deductions? Charitable Deductions? Other State and Local taxes?

We will always get close to the standard deductions because of high property taxes (over the $10K limit), smallish mortgage, modest charitable contributions, and average medical expenses for a retired couple.

 

OK, all that written: I am aware that I might have no choice because the State of Oregon will continue to allow these. Given that, would I continue to enter it all in the Federal return knowing it will move over to the State return?

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1 Replies
Level 15
Feb 24, 2020 2:28:39 PM

Yes. Enter those deductions so you can get their benefit on the state return.