Federal Taxes - Joint Filer --- deductions
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.
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.
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.