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dstolusky
New Member

Can I compare the results of an itemized deduction to a standard deduction return?

 
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Accepted Solutions
PaulaM
Expert Alumni

Can I compare the results of an itemized deduction to a standard deduction return?

Yes, you can choose one deduction then the other deduction to see how it might affect your taxes. Don't forget to change to the most advantageous one after your test.

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type 'itemized deductions, choosing, ' in the box, then select GO

Mark the small square box to change your deduction choice. Then select the radio button of your choice.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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3 Replies
PaulaM
Expert Alumni

Can I compare the results of an itemized deduction to a standard deduction return?

Yes, you can choose one deduction then the other deduction to see how it might affect your taxes. Don't forget to change to the most advantageous one after your test.

  • In your open return, select My Account
  • Tools
  • Topic Search
  • Type 'itemized deductions, choosing, ' in the box, then select GO

Mark the small square box to change your deduction choice. Then select the radio button of your choice.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Can I compare the results of an itemized deduction to a standard deduction return?

I'm using Desktop Premier 2023   I know I'm real close on itemized deductions vs standard deduction. I want to toggle back and forth to see the difference, and the difference it makes on my state return, There does not appear to be anyway to do so??? I know it used to be there. 

 

Your instructions above doesn't appear to apply to the desk top version.  (is it just TT on-line that you are addressing? 

How to find the old help function,?

KrisD15
Expert Alumni

Can I compare the results of an itemized deduction to a standard deduction return?

Since you are using TurboTax Desktop, simply select FORMS in the top right corner, then select Schedule A from the list. 

Compare the total on Schedule A with the Standard Deduction for your filing status. 

 

STANDARD DEDUCTIONS for Tax Year 2023:

Single ……………………………………..………………...$13,850

Married Filing Jointly ……………………………..…..$27,700 

Qualifying Surviving Spouse ………………….……$27,700

Married Filing Separately ……………………….….$13,850 

Heads of Household ……………………….…………$20,800 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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