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2015 - clicked that I received standard deductions, see that not that I itemized

Does it matter that I hit the wrong thing about my 2015 taxes?  Could that affect my 2016 taxes, or was that just info that turbo tax wants?
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KrisD
Intuit Alumni

2015 - clicked that I received standard deductions, see that not that I itemized

The impact it could have for your 2016 tax year return would be the tax-ability of any State refunds you may have received.

If you received a refund from the State in 2016 (from the tax year 2015) and you took the "standard deduction" it is not taxable.

If you received a refund and you itemized:

          If you took the option of "income taxes" (schedule A line 5a) the refund is taxable

          If you took the option of "general sales taxes" (schedule A line 5b) the refund is not taxable


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1 Reply
KrisD
Intuit Alumni

2015 - clicked that I received standard deductions, see that not that I itemized

The impact it could have for your 2016 tax year return would be the tax-ability of any State refunds you may have received.

If you received a refund from the State in 2016 (from the tax year 2015) and you took the "standard deduction" it is not taxable.

If you received a refund and you itemized:

          If you took the option of "income taxes" (schedule A line 5a) the refund is taxable

          If you took the option of "general sales taxes" (schedule A line 5b) the refund is not taxable


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