Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 4:41:45 AM

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?

0 1 325
1 Best answer
Level 15
Jun 6, 2019 4:41:47 AM

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. 

1 Replies
Level 15
Jun 6, 2019 4:41:47 AM

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.