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jim-de
New Member

How do i determine how close i am to being better with an itemized deduction?

 
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2 Replies

How do i determine how close i am to being better with an itemized deduction?

You can check the actual amount of itemized deductions by using the Search Topics for "itemized deductions, choosing" (under "My Account, Tools" in the online versions).    Click on "Change my deduction". That will display the actual amount of itemized deductions vs. the standard deduction.    (Be sure to uncheck "Change my deduction" after checking it so you do not lock in the wrong deduction.


This year deductions are changing and several will be limited.  There is a max 10,000 limit of State, local, property, and sales tax (SALT) deduction.  And employee job expenses have been suspended.  You can only deduct Medical/Dental that's over 7.5% of your AGI.

FAQ on 2018 changes <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return">htt...>

Deductions that have been suspended for 2018
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...>

DawnC0
Intuit Alumni

How do i determine how close i am to being better with an itemized deduction?

See the article below.  You can compare your standard vs. itemized deductions at any time.  This can help you determine if you need to keep on digging for more deductions.  

How to Maximize Your Itemized Tax Deductions - TurboTax Tax Tips & Videos

https://ttlc.intuit.com/replies/3300919

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