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Level 2
January 25, 2023
Solved

Missing Deductions from 2021 to 2022

  • January 25, 2023
  • 4 replies
  • 19 views

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:

 

  • mortgage interest of 14,922 (refinanced) - shows as zero below for 2022
  • property tax of 12,128 - shows as zero below for 2022
  • charitable donations of $701 - shows as zero below for 2022
  • car RTA of $69 - - shows as zero below for 2022
  • sales tax of $2,952 - - shows as zero below 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

 

 

 

    Best answer by xmasbaby0

    Go to Forms mode and look at your Schedule A

    4 replies

    Level 15
    January 25, 2023

    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.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    martoonyAuthor
    Level 2
    January 25, 2023

    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.

     

     

    xmasbaby0Level 15Answer
    Level 15
    January 25, 2023

    Go to Forms mode and look at your Schedule A

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**