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How much does it cost to itemize?

 
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How much does it cost to itemize?

It doesn't cost extra to itemize

How much does it cost to itemize?

 You need to use Deluxe or higher to Itemize on Schedule A.  It shows you are in Deluxe.  You can see the prices here

https://turbotax.intuit.com/personal-taxes/online/ 

 

But starting last year in 2018 they doubled the Standard Deduction so more people switched to the Standard Deduction.  And there is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT".  SALT is State And Local Tax.  Which includes property tax, any state tax paid like for last year’s return and includes any state withholding from your W2s and any 1099s you have. And any taxes in W2 box 14 and 19 like SDI or VDI. You can only deduct up to 10,000 (5,000 MFS) for SALT State and Local Taxes.

 

And you can only deduct Medical that’s over 10% of your AGI.  Also the deduction for job expenses have been suspended.

 

For 2019 the standard deduction amounts are:

Single 12,200 + 1,650 for 65 and over or blind

HOH 18,350 + 1,650 for 65 and over or blind

Joint 24,400+ 1,300 for each 65 and over or blind

Married filing Separate 12,200 + 1,300 for 65 and over or blind

 

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