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Returning Member

Mortgage Interest & State Local taxes

my filing status:  single with no dependents


I have $13K in mortgage interest (loan under $750K) + $5300 in property tax + $5880 in state tax for 2018.  All these amounts were entered into my 2018 Turbo Tax detail.  The online program is making me select the Standard Deduction of $12K.  As I understand the new 2018 tax law the mortgage interest I paid above is allowed for itemizing in full.  The state & property tax would be capped at $10K.  Therefore I should be itemizing on Federal for a total of $23K.  Why is Turbo Tax forcing me to take the lesser $12K Standard Deduction amount?  I tried the same inform on H&R Block online and they got it right.  What gives Intuit?


2 Replies
Expert Alumni

Mortgage Interest & State Local taxes

Try this: In your open return, type 'itemized deductions, choosing' in the search box then select the jump to link. Include the comma after 'deductions,' in your search term.

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Level 5

Mortgage Interest & State Local taxes

Standard deduction is 24,000 if you itemize it must be over that or it will tell you to take standard

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