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Level 1
June 1, 2019
Question

Standard Deduction or other?

  • June 1, 2019
  • 1 reply
  • 12 views
I am trying to figure out whether a Standard Deduction or manually entering my car registration and student loan 1098-E forms would be better on my Tax Return?

1 reply

Level 15
June 1, 2019

Enter interest paid on student loans.  You can do that no matter if you itemize or take the standard deduction.  Unless you have a mortgage payment or a ton of medical expense, the standard deduction will be better for you.