I am being required to take a $14000 Standard deductions when I have itemized deductions over twice that amount

[hanoverco]

Standard deductions are limited to a $12,000 single tax payer and a $2,00o over  age 65 credit; itemized deductions exceed 30,000?

[Cynthiad66]

If you have Contributions as part of your Itemized Deductions, that might be part of your problem.  Also, remember that State and Local Taxes are limited to $10,000.00.

 Yes. There is an issue with the contributions deduction and TurboTax is working to fix it.  We do not have an estimated date of correction, at this time.  I suggest you check back often to see if the correction has been made.

There is a problem with the Contributions section of the Itemized deductions and also the above the line $300.00 deduction.  Because of the many changes due to the CARES Act, IRS is still developing the forms and publications on this issue.  Last update was January 13th where everything is still in draft.  Once IRS finalizes the forms, we will be able to update TurboTax to accurately reflect your Contributions deduction.

Here are some of the changes due to the CARES ACT

The new legislation allows tax deductions on two types of charitable gifts. First, it allows up to $300 given to a qualified charity to be claimed as an above-the-line deduction. After the Tax Cuts and Jobs Act, which went into effect in 2018, increased the standard deduction, many taxpayers had less incentive to donate to charities. Instead, they took the standard deduction and stopped itemizing.

For taxpayers who will itemize deductions, the CARES Act effectively suspends the limit on deductions for cash contributions to public charities for 2020.  “That allows individuals to completely wipe out their AGI, and their tax liability, with a charitable contribution.

In late December of 2017, Congress passed the largest tax reform bill in over 30 years. Almost every individual taxpayer will be affected by these changes, as will many businesses.

Under the new tax law, the SALT deduction is capped at $10,000 ($5,000 if married filing separately). Prior to that, there was no cap. Taxpayers must still itemize to get this deduction—that part hasn't changed.

How Tax Reform Affects Your 2020 Return

[hanoverco]

To Cynthiad66: Thank you for the response. The problem was caused  from use of  the Standard Deduction vs expense  itemization.  Line 10b   on the 1040-SR was incorrectly reporting a non-standard  expense allowance and line 22 on Schedule 1 was not permitting  a correction edit. Returning to the  Federal Taxes section of the TT worksheet the expense itemization  option was reselected and   Schedule 1 was automatically correctly edited.