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jc-foster
New Member

Why does turbo tax only show 10,834 in deductions when I entered 14,815 in deductions?

I had interest of 5756, property tax of 1619, personal property tax of 940 and IRA contributions of 6500
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3 Replies

Why does turbo tax only show 10,834 in deductions when I entered 14,815 in deductions?

IRA contributions are not an itemized deduction reported on Schedule A.

Why does turbo tax only show 10,834 in deductions when I entered 14,815 in deductions?

Maybe you weren't entitled to deduct the full $6500 for the IRA?

 

Why does turbo tax only show 10,834 in deductions when I entered 14,815 in deductions?

It is correct that IRA contributions do not appear on Schedule A, but the user may be looking at the total "Tax Breaks."   However, the total is still wrong.  Any Medical, State taxes paid or other Schedule A deductions?

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