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Doing my 2010 taxes... My Gross income is $48,000, what (if any) are my total Itemized Deductions limit?
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February 18th, 2011
My H&R block software has calculated my total itemized deductions at $24,400. That’s $14,000 in mortgage interest + $4,200 state & local taxes + $4,400 charitable contributions + $1,800 medical expenses. However, my refund isn’t changing even if the $24,400 total goes up or down 5k. There must be some cap on this.
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