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Deductions & credits
If you are retired, how old are you? Are you married or single? If you are over 65 and single your standard deduction would be $14,700. If you are over 65 and both you and your spouse are over 65, then your standard deduction would be $28,700.
So, even if your medical expenses are greater than 7.5% of your AGI, they still may not be enough to surpass your standard deduction. Also, when you are calculating your medical expenses, remember, the first 7.5% does not count towards your itemized deduction.
So, if you have income of $75,000, only your medical expenses in excess of $5,625 would count towards your Itemized Deductions. So, if you had $10,000 in expenses, only $4,375 would be counted. You would then add that $4,375 to your state and local income and property taxes (up to $10,000), your mortgage interest and charitable donations (which can also be limited based on the organization). If all of that exceeds your standard deduction, then TurboTax should give you the Itemized Deduction instead of the standard deduction.
You may want to walk back through to check your deduction entries. You can also look at your Schedule A to see what the total of your deductions are as well as line 12 of your 1040 to see what your Standard Deduction is.
If for some reason your Schedule A line 17 is showing deductions greater than your line 12 of your 1040, you can go back through and select in TurboTax that you want to use the Itemized Deduction instead of the standard deduction.
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