topic My standard deduction appears to be too high. in Deductions & credits

My standard deduction appears to be too high.

donald029 — Thu, 18 Mar 2021 21:45:53 GMT

I have finished my preparation and my standard deduction is $41,000. This appears too high. How do I find how this was computed?

Re: My standard deduction appears to be too high.

macuser_22 — Thu, 18 Mar 2021 21:49:31 GMT

Sounds like you itemized on Schedule A.

2020 standard deductions

$12,400 Single
$18,650 Head of Household
$24,800 Married Jointly

Add an additional $1,300 for over age 65 or blind
This amount increases to $1,650 if the taxpayer is also unmarried.

Re: My standard deduction appears to be too high.

VolvoGirl — Thu, 18 Mar 2021 21:49:06 GMT

Did you enter a lot of deductions? You get to use either the Standard Deduction or Itemized Deductions whichever is more. If you have Itemized Deductions you should have a schedule A. Are you looking at the right line? 1040 line 12.

Re: My standard deduction appears to be too high.

donald029 — Fri, 19 Mar 2021 02:19:28 GMT

No. I did not itemize on Schedule A. I expected $24,800 but it is double that.

Re: My standard deduction appears to be too high.

VolvoGirl — Fri, 19 Mar 2021 02:21:58 GMT

Better call in. Never seen that problem.

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Re: My standard deduction appears to be too high.

macuser_22 — Fri, 19 Mar 2021 02:27:36 GMT

@donald029 wrote:

No. I did not itemize on Schedule A. I expected $24,800 but it is double that.

How do you know that? What form and line are you looking at?

What is on your 1040 form line 12?

Re: My standard deduction appears to be too high.

donald029 — Fri, 19 Mar 2021 02:28:21 GMT

I found a form called "St Ded with QDL". Shows my "Net Qualified Disaster Loss" being added to the "Standard Deduction Claimed with Qualified Disaster Loss". Can this be correct?

Re: My standard deduction appears to be too high.

macuser_22 — Fri, 19 Mar 2021 02:38:08 GMT

Do you have a form 4684 and did you have a qualified disaster loss?

Re: My standard deduction appears to be too high.

donald029 — Fri, 19 Mar 2021 02:43:14 GMT

Yes

Re: My standard deduction appears to be too high.

macuser_22 — Fri, 19 Mar 2021 02:50:40 GMT

Then it is probably correct and you would also have a Schedule A so it IS an itemized deduction.

(You might want to review the Schedule A and add any other deductions that you might have, medial, mortgage interest, property tax, others that would add more to your refund.)