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I feel I make a mistake. Why is my standard deduction on line 12e $7502.

Can I speak to a tax expert even after I have e filed my return
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I feel I make a mistake. Why is my standard deduction on line 12e $7502.

@derail7245-addison 

 

Two possibilities that I can think of:

 

1)  Perhaps you indicated that you were someone else's dependent.  In that situation your SDed is limited to the value of your Earned Income+$450.   Essentially, that wipes out most/all of your Taxable Income....though some may remain if you have some unearned income too (Like interest, dividends, capital gains)

 

or

2)  You are married but filing separately from your Spouse  (MFS).  In that case, you may have indicated that your Spouse is filing his/her taxes using "Itemized Deductions".  When spouses file MFS...they must both use the same deduction procedure......and if your spouse is Itemizing, then you must also do so even if your itemized deductions are less than the S.Ded.  SO perhaps that $7502 is your itemized deduction amount.

____________________

Not sure about talking to an expert  after already filing though.

 

There is a Customer Support contact procedure...mostly for working out bugs and software issues...and not available to users of the Free version.  Not sure they can help with this though.

 

How do I contact TurboTax?

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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1 Reply

I feel I make a mistake. Why is my standard deduction on line 12e $7502.

@derail7245-addison 

 

Two possibilities that I can think of:

 

1)  Perhaps you indicated that you were someone else's dependent.  In that situation your SDed is limited to the value of your Earned Income+$450.   Essentially, that wipes out most/all of your Taxable Income....though some may remain if you have some unearned income too (Like interest, dividends, capital gains)

 

or

2)  You are married but filing separately from your Spouse  (MFS).  In that case, you may have indicated that your Spouse is filing his/her taxes using "Itemized Deductions".  When spouses file MFS...they must both use the same deduction procedure......and if your spouse is Itemizing, then you must also do so even if your itemized deductions are less than the S.Ded.  SO perhaps that $7502 is your itemized deduction amount.

____________________

Not sure about talking to an expert  after already filing though.

 

There is a Customer Support contact procedure...mostly for working out bugs and software issues...and not available to users of the Free version.  Not sure they can help with this though.

 

How do I contact TurboTax?

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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