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New Member
posted Jun 3, 2019 11:58:14 AM

My tax credits & deductions TT page totaled over $18k, but at the end the TT total said it was less than the standard of $13k so the standard ded. would apply. Why?

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1 Best answer
Intuit Alumni
Jun 3, 2019 11:58:15 AM

There is a 7.5% of AGI floor for medical expenses so much of it may not have counted. There are new limits on mortgage interest and the SALT deductions with the 2018 Tax Cuts and Jobs Act (TCJA)

9 Replies
Intuit Alumni
Jun 3, 2019 11:58:15 AM

There is a 7.5% of AGI floor for medical expenses so much of it may not have counted. There are new limits on mortgage interest and the SALT deductions with the 2018 Tax Cuts and Jobs Act (TCJA)

New Member
Jun 3, 2019 11:58:16 AM

My medical expenses were way over the 7.5\5 for medical.  And I am way under the limits for SALT and for morgage interest, so this did not answer my question.   However are you saying that the first 7.5% of AGI for medical expense cannot count?

Level 9
Jun 3, 2019 11:58:18 AM

That is correct.  Only the amount in excess of 7.5% of your AGI counts toward your itemized deductions.

New Member
Jun 3, 2019 11:58:19 AM

Ok, reconfiguring, I would still have $17k of deductions.  Are charitable deductions (money) still at 100% deductible.  I would be way under any ceiling I am sure!  Thanks so much for your help.

Level 9
Jun 3, 2019 11:58:21 AM

Charitable contributions of cash are deductible up to 60% of your AGI; the excess can be carried over to next year. Donations of appreciated assets are deductible up to 30% of AGI.

New Member
Jun 3, 2019 11:58:22 AM

Ok, I looked up every category of deduction and I qualify for all the new limits and ceilings.  I still come up with $17k in deductions, and TT says it is $13k.   How can I talk to someone at TT?

Level 9
Jun 3, 2019 11:58:23 AM

Just to make sure, you aren't including unreimbursed employee business expenses or business expenses in general in your total?  

New Member
Jun 3, 2019 11:58:24 AM

I am not including business expenses....these are all personal deductions.

Level 9
Jun 3, 2019 11:58:25 AM

800-446-8848