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Deductions & credits
TurboTax will let you skip Deductions & Creditsand file with the standard deduction. To do this, say no or $0 whenever TurboTax asks a question about deductions.
- After you Wrap up Income, TurboTax will ask if you were affected by natural disasters or bought or sold cryptocurrency. Say No.
- Next you will see OK, let’s do a quick check for tax breaks. Click Let’s Get Started.
- On Let's save some time - and still get your biggest deduction, click Ok, let’s confirm this.
- Answer Noor $0to all the tiles asking about deductions.
- On Based on what you just told us, the Standard Deduction is best for you, TurboTax will show a larger standard deduction. Click OK, sounds good.
- Answer all the next set of questions, No I didn’t.
- On Great! We've got your tax breaks covered, click Wrap up tax breaksand go to Other Tax Situations.
March 16, 2021
5:40 PM