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Financial Planning / Tax Strategies


Subject:  Re: 'Pros' making simple mistakes Date:  4/16/2009  3:51 PM
Author:  SRenaeP Number:  105793 of 127613

Check it carefully. In this state, any state income taxes included in the Federal Schedule A are a deduction on the state Schedule A. In my case, and that of many of my tax clients, I take standard deduction on federal because it's higher, but itemize on state because it is higher than the state's standard deduction.

I will definitely double-check. What set off my bells was that the amount was the exact same as the amount on the Sched A. The state tax amount WAS included in the itemization for the state.

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