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

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

I entered my deduction for, my church Contribution, Charity, home mortgage, property taxes, nothing changed on my amount owed ???

 
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 Reply

I entered my deduction for, my church Contribution, Charity, home mortgage, property taxes, nothing changed on my amount owed ???

Premiums for medical insurance and medical expenses that you pay out of pocket with after-tax money are deductible as a medical expense itemized deduction. That may or may not provide a tax benefit. First, only the amount of such expenses that is more than 10% of your Adjusted Gross Income (7.5% if over 64) is actually deductible. And, itemized deductions provide no tax benefit until all of them added together are more than the standard deduction for your filing status.

 

Standard deductions for 2016

  • Single - $6,300 add $1,550 if age 65 or older
  • Married Filing Separately - $6,300 add $1,250 if age 65 or older
  • Married Filing Jointly - $12,600 add $1,250 for each spouse age 65 or older
  • Head of Household - $9,300 add $1,550 if age 65 or older

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies