Federal Taxes - Joint Filer --- deductions

Submitted by wccason on Tue, 07/28/2015 - 13:44

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Federal Income Tax

I don't understand how this report determines "Deduct". My interest, sale & real estate taxes and donations are about 18K now and I see $15.1K as a constant value over time. I understand the real cost of interest will decrease overtime.

As a result, at least in the near term, seems my deductions are understated. Is there a way to add in some tax deductions?

There appears to be no documentation on the report in the User Manual.

Thanks

Bill

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dan royer's picture

dan royer

Tue, 07/28/2015 - 14:18

You can add an item or series

You can add an item or series of items as a tax deductible special expenditure in the Special folder.

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wccason

Tue, 07/28/2015 - 19:58

Thanks that helps. Also I

Thanks that helps. Also I think I discovered why the fixed $15.1 was my annual deduction --- that's the standard deduct for us. I'm good to go and appreciate the prompt response.

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