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Deductions & credits
Thanks, but I am still confused.
Starting from TurboTax FEDERAL TAXES "Let's See if Your 2021 California Refund is Taxable
Did you take the standard deduction last year, or did you itemize your deductions"
I chose "I don't know what I did"
This brought up: On Demand Tax Guidance "Did I Itemize Deductions?" which said:
"If you're not sure whether or not you itemized deductions last year, take a look at Form 1040, line 12 on your last year's tax return.
The standard deduction amounts are:
- $12,550 for Single or Married Filing Separately
- $25,900 for Married Filing Jointly or Qualifying Surviving Spouse
- $18,800 for Head of Household"
So, the TurboTax heading is pretty clear that tax year 2021 is the relevant year, (which I agree with) and the next question labels it as "last year".
Then the On Demand Tax Guidance pops up, and uses the phrase "last year", which by context should mean tax year 2021, which, as I understand it, is the correct year to base the decision on. But the Tax Guidance then provides standard deduction amounts from tax year 2022. Are these wrong deduction amounts (provided by Turbotax) what you are referring to when you say "The information that you posted is incorrect"? If so, I understand, as I intended to reproduce the numbers provided by Turbotax so they could be fixed. If not, please let me know what is incorrect.