Diagnostic should be generated when electing to itemize may result in lower combined Federal and State taxes
Submitted by JLJ1 on 02-11-2021 06:58 AMWith the large difference between the Federal standard deduction and some state's standard deductions, it is sometime better to elect to itemize, even though it cost you some Federal tax by doing this. It is better because it saves you more in state taxes than it cost Federal. All of the information is in Lacerte already. Lacerte just needs to run a calculation in the background and do the comparison. I have sent this suggestion to Lacerte at least 3 times in the past and nothing!
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