TT says to use the standard deduction but the total of my itemized deductions is greater than the standard. Yet TT comes up with a different (and smaller) total.
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Itemized deductions do not count 1 for 1. First, the total of all your state income taxes and property taxes is capped at $10,000, so any amounts over that are not deductible. Second, only medical expenses in excess of 7.5% of your AGI count. There are other potential limitations. You have to count your deductible itemized expenses, not your raw amount.
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