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Deductions & credits
@Bva53, please follow the steps below:
- Click on Tax Home from left Side Menu.
- Click on Deductions & Credits from main screen.
- Scroll to the bottom and you should see an option for Wrap up tax breaks.
- It will then tell you based on your information, whether you will benefit from Standard deduction or itemized deduction. Scroll to the bottom and there is an option "Change my deduction" which will allow you to choose the option. However, in most cases it is beneficial to pick the higher of the two and you should only pick itemized deduction if it is greater than standard deduction (exceptions apply).
March 10, 2022
4:38 PM