topic I had 541.56 taxes taken out of a gambling win of 1805.20 I have losses to offset the win. should I itemize or go with standard deduction ? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-541-56-taxes-taken-out-of-a-gambling-win-of-1805-20-i-have-losses-to-offset-the-win-should-i/01/168820#M22608 Sat, 01 Jun 2019 15:00:31 GMT Anonymous 2019-06-01T15:00:31Z I had 541.56 taxes taken out of a gambling win of 1805.20 I have losses to offset the win. should I itemize or go with standard deduction ? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-541-56-taxes-taken-out-of-a-gambling-win-of-1805-20-i-have-losses-to-offset-the-win-should-i/01/168820#M22608 Sat, 01 Jun 2019 15:00:31 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-had-541-56-taxes-taken-out-of-a-gambling-win-of-1805-20-i-have-losses-to-offset-the-win-should-i/01/168820#M22608 Anonymous 2019-06-01T15:00:31Z Gambling losses are claimed on Schedule A as an itemized... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/gambling-losses-are-claimed-on-schedule-a-as-an-itemized/01/626351#M82084 <P>Gambling losses are claimed on Schedule A as an itemized deduction. You will need TurboTax Deluxe in order to claim itemized deductions and your total itemized deductions must be higher&nbsp;than your standard deduction to benefit from your gambling losses.&nbsp;</P> Thu, 06 Jun 2019 07:10:11 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/gambling-losses-are-claimed-on-schedule-a-as-an-itemized/01/626351#M82084 KatrinaB 2019-06-06T07:10:11Z The new Standard deduction for a Single person is $12,000. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-new-standard-deduction-for-a-single-person-is-12-000/01/626360#M82085 The new Standard deduction for a Single person is $12,000. Thu, 06 Jun 2019 07:10:13 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/the-new-standard-deduction-for-a-single-person-is-12-000/01/626360#M82085 SweetieJean 2019-06-06T07:10:13Z