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how does the itemized deduction get summarized?

 
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1 Reply
LindaS5247
Employee Tax Expert

how does the itemized deduction get summarized?

TurboTax summarizes itemized deductions by aggregating the eligible expenses—such as mortgage interest, state/local taxes (SALT), and charitable donations onto Schedule A. TurboTax will  compare this against the standard deduction, and automatically select the higher amount to maximize your refund.

 

Click here for information on changing your deduction.

 

 Click here for Standard Deduction vs. Itemized Deductions: Which Is Better?

 

 Click here for "What is the Standard Deduction?"
 

 Please return to Community if you have any additional information or questions and we would be happy to help.

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