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I am using Turbo Tax Premier. My itemized deductions exceed the standard deduction but the software is only reporting the standard deduction, why?

 
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I am using Turbo Tax Premier. My itemized deductions exceed the standard deduction but the software is only reporting the standard deduction, why?

There are limitation on itemized deductions.  Are you sure they exceed your Standard Deduction for your filing status?

TurboTax will give you the greater of either the Standard Deduction or Itemized Deduction

 

Medical expenses can only be deducted for the amount greater than 7.5% of your AGI.

State/Local tax income taxes paid or Sales taxes paid (whichever is greater) plus Property Taxes paid are limited to $10,000 ($5,000 if married filing separately).

 

Standard deductions for 2019

  • Single - $12,200 add $1,650 if age 65 or older
  • Married Filing Separately - $12,200 add $1,300 if age 65 or older
  • Married Filing Jointly - $24,400 add $1,300 for each spouse age 65 or older
  • Head of Household - $18,350 add $1,650 if age 65 or older

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

Standard or Itemized deduction are reported on Form 1040 Line 9

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