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We had 55,000 in deductions last year 2017 and only 32,000 in 2018, why is there such a drastic difference in our deductions?

 
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Ashby
New Member

We had 55,000 in deductions last year 2017 and only 32,000 in 2018, why is there such a drastic difference in our deductions?

It could very well be the limit on state and local taxes (SALT) which is capped at $10k. Also, if you have mortgage interest that is not used to buy, build or improve your home, that is not deductible.

See below for all the ways that tax reform is potentially affecting your return.

https://ttlc.intuit.com/replies/6971774

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