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