You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
nhgaller
New Member
linda-s-white
New Member
in Education
mapa136
New Member
RESmeCUE
Returning Member
Basenji
Level 3