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Deductions & credits
If you're taking the Standard Deduction, you don't need to type the amount of your standard deduction. Towards the end of federal taxes, it will highlight the amount of itemized deduction and the standard deduction, select your preferred method (Standard Deduction).
Some TurboTax customers were experiencing an issue with their Home Mortgage Average Balance. This can cause the Home Mortgage Interest to be incorrectly limited.
We have added some in-program help to assist with the entering of your home mortgage information.
For more information, please see the following article:
How do I handle multiple 1098 mortgage forms?
What do I do if I have multiple 1098's from refinancing my mortgage?
March 15, 2021
4:34 PM