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Deductions & credits
Please follow these steps to change to Itemized Deduction:
- Open your return
- Click on “Deduction and Credits” tab on top
- Scroll down and click "Done with deductions"
- Continue until you get to the "Standard Deduction is right for you" page
- Check the box next to "Change my deduction"
Standard deductions for 2020
- Single - $12,400 add $1,650 if age 65 or older
- Married Filing Separately - $12,400 add $1,300 if age 65 or older
- Married Filing Jointly - $24,800 add $1,300 for each spouse age 65 or older
- Head of Household - $18,650 add $1,650 if age 65 or older
Possible Itemized Deductions are:
- Medical and dental costs above and beyond 7.5% of your AGI
- State, local, real estate, and personal property taxes ($10,000 limit)
- Home mortgage interest
- Charitable donations and gifts
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March 15, 2021
1:43 PM