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Cumbie
Returning Member

Be Careful with Itemized Deductions Vs. Standard Deductions

Turbod tax selected the standard deduction for me even though my itemized deductions where higher.  From another thread, someone said to check the info sheet part IV for an X in take standard deduction even if less than itemized.  Ok, so I fixed that.  Frankly, I have no idea how that box got checked.

 

For my return, the higher itemized deduction did not change my federal taxes, but it did change my state taxes!!  This seems like a turbotax calculation error.  It almost cost me $500. In my state, Maine, you get the lesser of the state's standard deduction or the federal deduction. The federal standard deduction was below the limit and the itemized deduction was above the limit.  This should be addressed.

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1 Reply
LeticiaF1
Employee Tax Expert

Be Careful with Itemized Deductions Vs. Standard Deductions

I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:

 

TurboTax Online:

 

  1. Sign into your online account.
  2. Locate the Tax Tools on the left-hand side of the screen.
  3. A drop-down will appear. Select Tools
  4. On the pop-up screen, click on “Share my file with agent.”
  5. This will generate a message that a diagnostic file gets sanitized and transmitted to us.
  6. Please provide the Token Number that was generated in the response.

 

TurboTax Desktop/Download Versions:

 

  1. Open your return.
  2. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
  3. This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us.
  4. Please provide the Token Number  (including the dash) that was generated in the response.

 

*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)


 

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