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Does my standard deduction include the $10,200 deduction?

 
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2 Replies

Does my standard deduction include the $10,200 deduction?

NO ... the standard deduction has nothing to do with the unemployment EXCLUSION which is reported on the Sch 1 line 8. 

Hal_Al
Level 15

Does my standard deduction include the $10,200 deduction?

Q.  Does TurboTax (TT)) automatically include the $10,200 deduction?

A.  Yes.  Look at Schedule 1, line 8, to verify that happened.

 

That answer assumes  you prepared your taxes, in TT, after the program was updated (about 2 months ago). 

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