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skj
Level 3

Deductions & Credits

Is there a limit to the $ amount of deductions? Schedule A, line 17 is greater that what is transferred to Form 1040, line 12e. The difference is about $624).  I'm using TT Deluxe. Filing standard deductions vs. itemized deductions reveals exactly the same refund.  

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2 Replies
BillM223
Employee Tax Expert

Deductions & Credits

What is the amount on 1040, line 12e? Is this one of the Standard Deductions? There are additional Standard Deductions than what are generally published - for example, (1) for dependents and (2) for those born before January 2, 1961, or blind, or even (3) if you had a net qualified disaster loss and you elected to increase your standard deduction by the amount of your net qualified disaster loss.

 

 

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skj
Level 3

Deductions & Credits

Line 12e shows $17,750. I am over 65 filing single, not blind and no disaster losses. Schedule A shows these deductions: $10,669 medical, $5705 taxes paid, $2000 gifts to charity, totaIing $18,374. Why doesn't that transfer to Line 12e on the 1040? I compared filing standard vs. itemized and the refund is exactly the same. Why?

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