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Deductions & credits
Hi there and thanks for the reply. Please let me know HOW to select itemized deductions within the TurboTax Online version. I've started a 2018 amendment in the online version and can't find anywhere to select itemized rather than standard deduction. The software is simply defaulting to using the standard deduction because it's larger than my itemized deduction. What the software is NOT doing is checking which option gives me a bigger refund.
The way that I benefit from using itemized deductions surprised me this year as well. It's because all my itemized deductions are charitable contributions, and I realized that the AMT treats charitable contributions very favorably and the standard deduction very unfavorably. In 2019, my itemized deductions are $6,096 while the standard deduction is $24,400. Using the itemized deductions gives me about $6000 more in refund. Shocking, right?! So, I want to check whether 2018 is similar and I'm due more refund.