Folks,
Despite making the entries for deductions, section by section, a fair number of them are not showing up for 2022. All of these items show up as zero for 2022:
I am being "pushed" towards a standard deduction option, since the summary below shows zero instead of itemized amounts above...
Thoughts or suggestions? Thanks for your help!
/ Martoony
Washington State
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Go to Forms mode and look at your Schedule A
You forgot that the state and local tax including property tax and sales tax is capped at $10K. When you calculate it with that limit, you are below your standard deduction amount.
Thanks for your reply @xmasbaby0 !
Please set aside property tax and sales tax cap at $10K - totally valid point...
Any ideas as to where my $701 in charitable contributions may have gone?
I did enter the $701 amount; but it is not part of the "itemization" vs. "standard deduction" comparison.
Go to Forms mode and look at your Schedule A
Thanks again @xmasbaby0 !
I looked at Schedule A, then chose to "override" the standard deduction option, in favor of itemization. The numbers below are complete, accurate, and reflect the $10,000 cap you mentioned in your first reply.
Bottom line? The $25,900 standard deduction beats my itemized deduction total by $277.
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