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Deductions & credits
sounds like Turbo has computed your itemized vs standard deduction using the $300.00. Just to test to see if the $30 additional refund computation is correct. Try by adding like $2000 more in contributions as cash to see if it allows itemized deductions if it does then you know that it is taking into account the $300 for the standard deduction.
I hope this is clear. I am saying that it is basically allowing the above the line $300.00 deduction because it provides a better benefit than your allowable itemized deduction.
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‎April 21, 2021
8:37 AM