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crberdal
New Member

Why is it that the program selected standard over but comparing from last year to my deductions are not much different but yet I owe more money this year than last year?

why is it that the program selected standard deduction but yet my number are not much different from last year to this year but yet a owe a lot more this year

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1 Reply
SDBaldie
New Member

Why is it that the program selected standard over but comparing from last year to my deductions are not much different but yet I owe more money this year than last year?

Hi - without seeing your numbers or knowing your situation, i expect that tax reform had a big impact on your itemized deductions, because of the $10k cap for State and Local Taxes, which includes property tax. So where as you would've itemized last year, the cap reduced how much you could deduct, while the standard deduction doubled and most likely became more beneficial. Does this help? 

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