Deductions & credits

This year you can enter any amount.  You get to deduct up to $300 in addition to the Standard Deduction.

 

If you have more Deductions than the Standard Deduction you can Itemize on Schedule A.

 

For 2020 the standard deduction amounts are:

Single 12,400 + 1,650 for 65 and over or blind (14,050)

HOH 18,650 + 1,650 for 65 and over or blind

Joint 24,800 + 1,300 for each 65 and over or blind

Married filing Separate 12,400 + 1,300 for 65 and over or blind