Should I continue with other deductions I have since I am at 29,200?

[xmasbaby0]

If you have more itemized deductions to enter you should enter them.   Remember that certain things like property tax are capped, so you might not be able to use the full amount.  And medical expenses must meet a very tough threshold.  Those deductions you are entering do not necessarily count "dollar for dollar."

[SteamTrain]

Also, some states will use some of those itemized deductions, even if not used in the Federal forms.

Those deductions are primarily entered in the Federal section, but also transfer to the state forms....if actually used there.

[KeshaH]

If you're referring to itemizing your deductions, you should enter all of the deductions you qualify for if you plan to itemize. 

$29,200 is the Standard Deduction for married couples filing jointly for 2024. If you know your deductible expenses (such as mortgage interest, state taxes, and charitable contributions) exceed that amount, you should enter them all so that you can minimize your tax liability as much as possible. 

Depending on your state, even if you can't take the itemized deduction on your federal return, you might be able to itemize on your state return. If your state allows this, it's still beneficial to enter all of your deductions so that they are transferred over to your state return. These states include Alabama, Arkansas, Arizona, California, Delaware, Iowa, Kentucky, Maine, Minnesota, Montana, North Carolina, New York, and Oregon. 

[VolvoGirl]

$29,200 is the Standard Deduction for a Joint return.   But if you have more itemized deductions you can take your itemized deductions instead.  Some deductions are limited but you should still enter them incase you can itemize on a state return.  

MEDICAL

You can only deduct the amount of unreimbursed Medical Expenses you actually paid over 7.5% of your AGI. So it might take a lot to be worth entering. And then all your itemized deductions have to be more than the standard deduction to get any benefit (so you would only be getting the benefit of the amount that puts you over the standard deduction). And since the Standard Deduction is increased more people will not need to Itemize.

SALT

There is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT". SALT is State And Local Tax. Which includes property tax, any state tax paid like for last year’s return and includes any state withholding from your W2s and any 1099s you have. And any taxes in W2 box 14 and 19 like SDI or VDI. You can only deduct up to 10,000 (5,000 MFS) for SALT State and Local Taxes.