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Get your taxes done using TurboTax
In the Online version, when you do the "Explain my Taxes" in "Federal Review" you get this:
Your total deductions for the year were $xx,xxx, including:
- Itemized Deductions: $xx,xxx
- Deductible mortgage interest, $xx,xxx
- Deductible Charitable Contributions, $x,xxx
- State and Local Tax Deduction, $xx,xxx
- Qualified business income deduction, $5,296 <==== This should read as Senior Deduction not QBI
When I hand calculate based my income 5,296 is the correct calculation for Senior Deduction. It's just the wrong description in this Review page
2 weeks ago