The federal Standard Deduction is a fixed dollar amount, based on your filing status and age, that the IRS lets you deduct from your taxable income. Itemizing deductions allows you to list (itemize) your individual deductions on Schedule A. You can choose one or the other, not both.
After you've completed the Deductions & Credits section of TurboTax, we'll let you know which deduction gives you the biggest tax break.
How to Maximize Itemized Deductions
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
