199983
You'll need to sign in or create an account to connect with an expert.
It's quite possible that part of what you are thinking exceeds the $24k is state and local taxes(SALT). SALT is capped at $10k total because of tax reform. Also, if you're claiming mortgage interest and any of it was home equity loans that were not used to buy, build, or improve your home, that interest is not deductible.
These are the two most common reasons that people think they should itemize this year, but end up taking the standard deduction. Please advise if this is not your issue.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
garne2t2
Level 1
balynn0223
New Member
luigicaloi
New Member
user17524531726
Level 1
britthowland
New Member