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Level 1

Just to confirm what I am seeing in my Turbo Tax return, itemized deductions are now capped at $24,000 for 2018, correct?

 
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Level 3

Just to confirm what I am seeing in my Turbo Tax return, itemized deductions are now capped at $24,000 for 2018, correct?

No, your standard deduction for Married Filing Jointly (MFJ) is $24,000.

How does the itemized deduction differ from the standard deduction? https://ttlc.intuit.com/replies/3302313

Please read this TurboTax FAQ for additional information on "How will tax reform affect my 2018 federal tax return?": How will tax reform affect my 2018 federal tax return?