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knaithpark1961
New Member

Just looked at my 2018 tax return and unable to find a schedule A, why?

 
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VictorW9
Expert Alumni

Just looked at my 2018 tax return and unable to find a schedule A, why?

The Tax and Jobs Act (TCJA) that came into effect in 2018 made several changes to what can be claimed as itemized deduction.

 

This means that many individuals who formerly itemized may now find it more beneficial to take the standard deduction. Taxpayers may only do one or the other. They either take the standard deduction or claim itemized deductions.

 

So, as the standard deduction have increased, many taxpayers find that that taking the itemized deduction is no longer advantageous to them.

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VictorW9
Expert Alumni

Just looked at my 2018 tax return and unable to find a schedule A, why?

The Tax and Jobs Act (TCJA) that came into effect in 2018 made several changes to what can be claimed as itemized deduction.

 

This means that many individuals who formerly itemized may now find it more beneficial to take the standard deduction. Taxpayers may only do one or the other. They either take the standard deduction or claim itemized deductions.

 

So, as the standard deduction have increased, many taxpayers find that that taking the itemized deduction is no longer advantageous to them.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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