LindaS5247
Expert Alumni

Get your taxes done using TurboTax

TurboTax takes into account all of your deductions and determines whether the Standard Deduction or itemizing your deductions is right for you.

 

The Standard Deduction is a fixed dollar amount. An itemized deduction allows you to account for all individual deductions. You would use your itemized deductions if your eligible expenses are higher than the amount of the Standard Deduction.

 

For 2024, the standard deduction is:

  • Single and Married Filing Separately taxpayers: $14,600
  • Married Filing Jointly taxpayers: $29,200
  • Filing as Head of Household: $21,900

 

If you are using TurboTax Online to switch to the Standard Deduction or to itemized deductions from the standard deduction you can do the following:

  1. In your left panel scroll down to "Tax Tools"
  2. Click on "Tools"
  3. Click on the box "Topic Search"
  4. In the Box "I'm looking for:" type in "standard deduction"
  5. This will take you to the page "Based on what you told us..."
  6. Here you can change your deduction by clicking the box "Change my Deduction"

 

If you are using TurboTax Desktop to switch to the Standard Deduction you will do the following:

  1. Go to "Federal Taxes" tab in the gray bar at the top of your screen
  2. Select the "Deductions & Credits" tab (under Federal Taxes in the gray bar at top of your screen
  3. Click on "I'll Choose What to Work On"
  4. Select "Continue" at the bottom of page
  5. Select "Continue" on the next page that says "Let's Check Your Deductions and Credits"
  6. Select "Continue"  on the next page that says "Here Are Your 2024 Deductions & Credits"
  7. The following page will give you the opportunity to change your deduction by clicking on the box "Change my deduction"

 

 

If you are using TurboTax Online your screens will look like this:

 

 

 

 

In TurboTax Desktop, it will look like this:

 

 

Click here for information on changing your deduction.

 

Click here for "What is the Standard Deduction?"

 

Click here for Standard deduction vs itemized deduction.

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