topic Re: deductions in Deductions & credits

deductions

MDSiri — Tue, 04 Feb 2020 19:48:52 GMT

I'm doing my taxes and put in my tithing amount and it did not reduce the amount that I owe to the Fed Gov. Why?

Re: deductions

SteamTrain — Tue, 04 Feb 2020 20:02:32 GMT

"Usually" it is because you do not have enough other Itemized Deductions entered such that the Std Deduction has been exceeded yet. Keep adding all your Potential deductions,a dn the software will switch over when the proper level is reached .

Std Ded for a single person is 12,200

Std Ded for MFJ ........................is 24,400 (LOTS of itemized deductions needed to exceed that)

with some extra thrown in for each spouse who is 65 or older (or blind)

Re: deductions

JotikaT2 — Tue, 04 Feb 2020 20:05:33 GMT

The total amount of your itemized deductions is probably lower than your standard deduction.

Please see the attached for additional information on what the standard deduction is for your filing status.

Standard deduction for 2019

Standard vs. itemized