turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

kiana-1
New Member

How do I know how my deduction on line 41 of federal form was arrived at? It shows a $7900 amount. I am single and over 65. Is it a standard deduction?

TurboTax did not send me Schedule A. Does this mean it was not needed after tax computed?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DS30
New Member

How do I know how my deduction on line 41 of federal form was arrived at? It shows a $7900 amount. I am single and over 65. Is it a standard deduction?

Yes - Actually the amount on line 40 would be your itemized or standard deduction. If you are single and over 65 the amount of standard deduction would be $7,900 so that is your standard deduction.

TurboTax will automatically take the higher of your itemized or standard deduction.

View solution in original post

1 Reply
DS30
New Member

How do I know how my deduction on line 41 of federal form was arrived at? It shows a $7900 amount. I am single and over 65. Is it a standard deduction?

Yes - Actually the amount on line 40 would be your itemized or standard deduction. If you are single and over 65 the amount of standard deduction would be $7,900 so that is your standard deduction.

TurboTax will automatically take the higher of your itemized or standard deduction.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies