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Deductions & credits
I'm sharing with you a TurboTax FAQ that should explain how to change your deduction method. Please post back if you continue to have difficulty.
Keep in mind that several deductions are "limited". For example, you may have $20,000 of medical deductions. But the tax law allows only the deductions that EXCEED 7.5% of your AGI. So just because your total deductions exceed the standard deduction doesn't necessarily mean the itemized deductions is your best choice.
How do I change from the standard deduction to itemized (or vice- versa)?
*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
‎February 28, 2022
6:41 PM