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How do I see what Turbotax figured my total deductions to be since it's only giving me the standard deduction?
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After you file
To review your total itemized deductions:
- Log in to your Turbo Tax account
- click on "take me to my return"
- click on the "federal taxes" tab
- click on "deductions and credits"
- scroll down to the bottom and choose "done"
- Then you will come to a page that has the standard/itemized summary and you can check a box to switch between either option. When you check on the "itemized deduction" box it will show the total itemized deductions that have been calculated.
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After you file
The total deductions at the end of the deductions and credits equals $27,740 for 2020. It says "You're getting the standard deduction of $27,400.
When I click "continue" it says "Based on what you've told us, we've chosen the standard deduction for you. This deduction of $27,700 will save you the most money."
If I add the deductions for Mortgage $8169, Prop tax $184, Donations to Charity $7608, Medical Expenses $14,135 I get $30096.
Not calculating properly?
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After you file
@Trappfarm2 wrote:
The total deductions at the end of the deductions and credits equals $27,740 for 2020. It says "You're getting the standard deduction of $27,400.
When I click "continue" it says "Based on what you've told us, we've chosen the standard deduction for you. This deduction of $27,700 will save you the most money."
If I add the deductions for Mortgage $8169, Prop tax $184, Donations to Charity $7608, Medical Expenses $14,135 I get $30096.
Not calculating properly?
The Medical expense deduction is reduced by 7.5% or your Adjusted Gross Income. The AGI is on the Form 1040 Line 11. Multiply the AGI by 7.5% and subtract that amount from your total medical expenses to arrive and the Medical Expense itemized deduction.