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To: Intolerant in NJ

if you DO itemize, does that mean you don’t get the old people credit?.....


44 posted on 01/21/2019 8:58:46 PM PST by cherry
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To: cherry

If you itemize and have a large enough deduction that you would use the itemized figure instead of the Standard Deduction, then yes, technically you would lose the “old person’s deduction” since it’s built into the Standard Deduction - but you wouldn’t need it because you would be taking a larger amount off of your income with the itemized number than with the Standard Deduction anyway......


50 posted on 01/22/2019 2:12:04 PM PST by Intolerant in NJ
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