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cadorn1
New Member

why on this year program aren't any number on my deductions moving my taxes lower as i'm entering them?

MY federal taxes due are not dropping at all as continue to add deductions in past it always moved lower as you dadding deduction none of them are this year
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2 Replies
AnnetteB6
Employee Tax Expert

why on this year program aren't any number on my deductions moving my taxes lower as i'm entering them?

If you are increasing your itemized deductions (like mortgage interest, charitable contributions, medical expense) and your taxes are not changing, then it could be that you have lowered your income tax all that you can, but your self-employment tax is staying the same (if you have a Schedule C with a profit).  

 

Or, if you are increasing your property tax deductions, then you may have reached the limit for the state and local tax deduction, which would prevent the itemized deductions from increasing any further to lower your income tax.

 

 

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why on this year program aren't any number on my deductions moving my taxes lower as i'm entering them?

Either that...or your Std Deduction is still higher, and you haven't yet entered enough Itemized Deductions yet such that they exceed your Std Deduction.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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