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maketraveleasy
New Member

Why does it say I should take the standard deductions when the total of my morgage, state and local taxes and contributions exceed the standard deduction?

My mortgage interest is 25,000, contributions are 7,000 and I thought that state and local taxes are capped at 10,000.  That totals 42,000.  Why does TurboTax select the standard deduction of 26,000?

1 Reply
SweetieJean
Level 15

Why does it say I should take the standard deductions when the total of my morgage, state and local taxes and contributions exceed the standard deduction?

Be sure to indicate that the Mortgage is secured by the property.

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