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gpfersch
New Member

Hi, My Itemized Deductions and Schedule A are not showing up on my tax return. I think it may be due to adding a Form 1099-LTC to my tax return. Please advise.

 
1 Reply
MichaelMc
New Member

Hi, My Itemized Deductions and Schedule A are not showing up on my tax return. I think it may be due to adding a Form 1099-LTC to my tax return. Please advise.

In almost all cases, if Schedule A is not in your completed tax return, it is because the Standard Deduction is giving you a lower taxable income than would be obtained using the Itemized Deductions.

As a result of the Tax Cuts and Jobs Act of 2017, the Standard Deduction amounts have been significantly increased. It is likely that fewer than 10% of all taxpayers will find itemizing deductions to be advantageous.

For 2018, the increased Standard Deduction amounts for all filers are:

  • Single or Married filing separately—$12,000.
  • Married filing jointly or Qualifying widow(er)—$24,000.
  • Head of household—$18,000.

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