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Level 2
February 6, 2022
Question

Deductions

  • February 6, 2022
  • 1 reply
  • 0 views
  1. I am filing Single and have itemed deductions $16,134. Turbo Tax keeps applying the Standard Deduction of $12,500 instead of applying the itemized deductions. I have used TurboTax over 8 years and always use the itemization instead of Standard because it is bigger. Why is the software doing this? 

    1 reply

    DoninGA
    Level 15
    Level 15
    February 6, 2022

    Are you using the TurboTax desktop editions?  If so, click on Forms.  When in Forms mode open the Schedule A.  Is the amount on Schedule A Line 17 more than your Standard Deduction of $12,550?

    acanutoAuthor
    Level 2
    February 6, 2022

    It is less but that's because the software is not carrying forward the Mortgage Interest to line 8a. I do get a quick display message screen after entering my 1098 stating I am better off using the Standard deduction? 

    DoninGA
    Level 15
    Level 15
    February 6, 2022

    Look at your Home Mortgage Interest Worksheets for all lenders.  The amount entered on Line 2b should be entered on Schedule A Line 8a.  For the amount on Schedule A Line 8b go to the Tax and Interest Deduction Worksheet.  Scroll down the Worksheet to Interest Deductions.  Review the interest reported in the Smart Worksheet in B and also on Line 6a, b and c of the Tax and Interest Deduction Worksheet.

    Are the amounts you entered that were not reported on a Form 1098 being shown?