LenaH
Employee Tax Expert

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:

  1. Open your return.
  2. Click on Tax Tools on the left-hand side.
  3. Click on Tools.
  4. Click on View Tax Summary.
  5. Click on Preview my 1040 on the left-hand side.
  6. Search for 1040, Line 12c.

@Iskirk01

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"