ECON Tax Return options for those with high state taxes.

20Gauge

TB Fanatic
For anyone who is in a higher tax state, be sure to run your tax return two ways.

1) With the standard deduction
2) With forced itemized deductions.

In a number of states, they did not conform to the feds in how to calculate a tax return. So if you run both scenarios, you may find your overall return, ( state and fed combined) will be better if you force itemization.

Your Tax Preparer should be able to do this at a push of a button. It should not cost extra.

If you are married you should do the same

1) MFJ
2) MFS

You may do better overall if you MFS. Again this is just a push of a button for the people who prepare the taxes. It should not cost extra either, but some like to pretend it does and charge extra. It is just a software issue.

If the software does not do this, you may want to find someone else.

I hope this helps!;)
 
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