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Deductions & credits
I took a look at your token and noted the following:
- Medical expenses were under 7.5% so nothing is deductible
- The taxes paid (state, real estate taxes, and personal property taxes) are limited to $10,000
- Your home mortgage is $1,661
- Your charitable gifts were $2,873
- TOTAL: $14,534 itemized
- TOTAL: $14,550 standard ($14,250 plus an additional $300 in charitable contributions on top of the standard deduction)
Therefore, the greatest benefit for you is the Standard Deduction. I confirmed this was on your 1040, Line 12c.
To confirm, please follow these steps to see your federal forms:
- Open your return.
- Click on Tax Tools on the left-hand side.
- Click on Tools.
- Click on View Tax Summary.
- Click on Preview my 1040 on the left-hand side.
- Search for 1040, Line 12c.
@Iskirk01
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‎February 2, 2022
12:16 PM