Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
lemmeknowok65
New Member

For 2016 I itemized but line 40 shows $12600 does this mean even though I itemized it was not enough and the standard deduction was used?

for 2016 I itemized but line 40 of  1040 shows $12600 does this mean even though I itemized it was not enough and the standard deduction was used?
1 Best answer

Accepted Solutions
MichaelL1
Level 15

For 2016 I itemized but line 40 shows $12600 does this mean even though I itemized it was not enough and the standard deduction was used?

It means you did not itemize in 2016 and the total was less than the 2016 standard deduction of $12,600.

It is $12,700 for 2017 and $24,000 for 2018 for Married Filing Joint. 

View solution in original post

1 Reply
MichaelL1
Level 15

For 2016 I itemized but line 40 shows $12600 does this mean even though I itemized it was not enough and the standard deduction was used?

It means you did not itemize in 2016 and the total was less than the 2016 standard deduction of $12,600.

It is $12,700 for 2017 and $24,000 for 2018 for Married Filing Joint. 

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v