topic Itemized Deductions in Deductions & credits

Itemized Deductions

AmericanWay2019 — Thu, 27 Feb 2020 23:53:24 GMT

How do I know if I itemized my deductions in 2018 tax form.

Re: Itemized Deductions

VolvoGirl — Fri, 28 Feb 2020 00:02:24 GMT

If you Itemized Deductions you would have a Schedule A in your return. How much is on you 2018 1040 line 8? You may have taken the Standard Deduction instead. Is it one of these amounts?

For 2018 the standard deduction amounts are:

Single 12,000 + 1,600 for 65 and over or blind

HOH 18,000 + 1,600 for 65 and over or blind

Joint 24,000+ 1,300 for each 65 and over or blind

Married filing Separate 12,000 + 1,300 for 65 and over or blind

Re: Itemized Deductions

AmericanWay2019 — Fri, 28 Feb 2020 21:15:19 GMT

Hi Volvo Girl * I do not have a Schedule A and we file Married Jointly and amount on Line 8 is $26,600. I'm assuming this is Standard Deduction. Thanks. 🙂