topic Deductions in Deductions & credits

Deductions

gabush — Sun, 14 Mar 2021 20:52:55 GMT

I entered $300 to take the standard deduction but find my itemized deductions are more. How do I change that?

Re: Deductions

npierson7 — Sun, 14 Mar 2021 21:24:05 GMT

To change your deductions in TurboTax follow these steps:

Sign into your TurboTax account > Click Tax Tools from the left-side menu.
Select Tools from the drop-down menu.
Click Topic Search, type Standard Deduction and click Go.
On the next screen, Select change my deduction at the bottom of the screen

You can learn more what can be included in your itemized deductions here:

Itemized Tax Deductions

Re: Deductions

gabush — Wed, 17 Mar 2021 16:00:10 GMT

No it did not.

Re: Deductions

JotikaT2 — Wed, 17 Mar 2021 16:19:21 GMT

Try this instead. Log back into TurboTax and select any tax topic to access your information.

Go back to your Deductions & Credits Screen.
Scroll down to the bottom and select Wrap up Tax Breaks.
You should continue through the screens until you see the following screen:

Your information will be summarized based upon your input.  You have the option to see the breakdown and you can select "Change my deduction" here.

Please note, TurboTax will select the option which provides the greater tax benefit for you.