My tax breaks in the deductions and credits section add up to more than the standard deduction of 12,000 but TT is recommending the standard deduction. Why is this?
02157
2 Replies
SweetieJean
Level 15
Jun 1, 2019 6:42:44 PM
Some Tax Breaks are credits (such as Child Tax Credit), not deductions. Only deductions are compared to the $12,000.
LinaJ2018
Intuit Alumni
Jun 1, 2019 6:42:44 PM
You only add up the total itemized deductions on the Schedule A to compare with the standard deduction. You do not add all the deductions and credits.