TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

Standard Deductions - Listing

Forum|Forum|6 years ago
February 10, 2020
1 reply
16 views

If I know I will not itemize and not go over the 24k standard deductions, do I still need to list all the normal items like work expenses, mortgage interest, any student loan interest etc? ie, can I just leave it all off the tax forms and claim the standard?

Not A Product Question

Level 7

I would go through it anyway. Any student loan interest you are qualified to deduct is an 'above the line' deduction. This means that it is taken directly off your income and not included in your itemized deductions. Depending on the state you are in those deductions may exceed the state standard deduction and help you there. There are also a number of states that allow employee business expenses even though they are not deductible on the Federal return.