Deductions

8 replies
49 views

If Turbotax won't let me enter my deductions, how do I know they won't meet the criteria for using them? Turbotax just says the standard deduction is more.

RBBrittainAnswer

Alumni - Champ

Did you miss the spot where you can ask TurboTax to let you enter your itemized deductions?

If you itemize you no longer qualify for free TurboTax. (Click on "Simple tax returns only" under the offer on the TurboTax home page.) Perhaps that's why you missed it?

RBBrittain

Answer

Alumni - Champ

Did you miss the spot where you can ask TurboTax to let you enter your itemized deductions?

If you itemize you no longer qualify for free TurboTax. (Click on "Simple tax returns only" under the offer on the TurboTax home page.) Perhaps that's why you missed it?

Fought1941Author

Level 2

I had to reinstall my Turbotax. Now working as expected.

lensbuz

Level 2

I have over 45,000 in deductions. and was given 12,800 for the credit. I like the deduction amount better. nothing is being deducted

lensbuz

Level 2

reply to myself, I am going back and itemize. I don't trust what I am looking at. thanks for the support

Bva53

Level 2

I would like to go back and itemize deductions

Bridge22

Level 2

How do you know whether to choose standard deductions or itemized deductions when given the two options?

DoninGA

Level 15

@Bridge22 wrote:

How do you know whether to choose standard deductions or itemized deductions when given the two options?

Only about 9% of all taxpayers will have more itemized deductions then their standard deduction.

Do you think you will have more itemized deduction then the standard deduction for your filing status?

Standard deductions for 2021

Single - $12,550 add $1,700 if age 65 or older
Married Filing Separately - $12,550 add $1,350 if age 65 or older
Married Filing Jointly - $25,100 add $1,350 for each spouse age 65 or older
Head of Household - $18,800 add $1,700 if age 65 or older