my itemized deduction is 28000 but results in lower federal tax compared to standard deduction of 29500. how is that possible? state tax amount stays the same.

[JohnB5677]

I suggest you look at your tax return Form 1040 and confirm the number

You can preview your tax return by going to:

1. On the menu bar on the left that shows.
2. Select Tax Tools
3. On the drop-down select Tools
   1. Tip: If you don't see the dropdown for Tools,
   2. Minimize the federal and state options using the down arrow.
4. On the popup menu
5. Select View Tax Summary
6. On the left sidebar
7. Select Preview my 1040.
8. Line 12 is the deduction.
9. Schedules 1,2 & 3 are included if you scroll down past your 1040.
10. To return to the entry screens press Back on the sidebar.

Some key numbers on your 1040 tax return are:

Line 9 - Total Income

Line 11 - AGI

Line 15 - Taxable Income

Line 24 - Total Tax.

Line 25 d - Withholdings.

Line 26 - Estimated tax payments

Line 27 - Earned Income Credit

Line 33 - Payments including Credits.

Line 34 - Overpayments.

Line 37 - Tax owed.

It my look like you should be getting Itemized deductions based on the raw numbers,  but after crunching the numbers it may not be the best choice for you.

There have been many changes to the Itemized deduction limitations.  Here are some of the limitations to Itemized deductions

• Medical expenses: You can only deduct the amount of your medical and dental expenses that is more than 7.5% of your AGI.
• Mortgage Interest:  You can deduct the interest you paid during the tax year on the first $750,000 of your mortgage debt for your primary home or a second home. If you are married filing separately, the limit drops to $375,000.
• Local Taxes: Your deduction of state and local income tax, general sales, and property taxes is limited to a combined total deduction of $10,000 ($5,000 if married filing separately).
• Business expenses for employees is no longer allowed.
• There may be other limitations that are not listed.
• Finally, the total of all deductions must be greater than the Standard deduction.

The standard deduction amounts for 2024 are:

• $29,200 – Married Filing Jointly or Qualifying Surviving Spouse
• $21,900 – Head of Household
• $14,600 – Single or Married Filing Separately

For 2024, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:

• $1,950 for Single or Head of Household
• $1,550 for married taxpayers or Qualifying Surviving Spouse

You can also see: The difference between standard and itemized deductions, and what they mean