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Tax Year 2020 - Why is TurboTax not applying my itemized deductions when they are larger than the standard deduction?

Thank you for your response.

I am, in fact, over 65 and single, making my standard deduction, as you point out, $14,700.

My income was $46,000 (I haven't yet started pulling money from my retirement accounts), and I had $17,000 in medical expenses. Total itemized deductions would be $21,000.

By the way, I saw a preview of my 1040 in TurboTax, but I wasn't able to find my Schedule A. Or does Schedule A only appear when TurboTax thinks you are itemizing?

 

 

 

 

CatinaT1
Expert Alumni

Tax Year 2020 - Why is TurboTax not applying my itemized deductions when they are larger than the standard deduction?

I would double-check that you didn't select incorrectly when TurboTax recommended which deduction to take.

 

To check this, follow these instructions:

  1. Click on "Federal" under TAXES 
  2. Click on "Deductions & Credits" 
  3. Scroll to the bottom of the page and click on "Wrap up tax breaks" 
  4. You will see "Based on what you just told us, the Standard Deduction is best for you" or "Based on what you just told us, Itemized Deductions are best for you"

You have the option here to keep the recommendation or change your deduction. 

  1. At the bottom of the page, click on "Change my deduction" 
  2. Select/click on either Standard Deduction or Itemized Deduction, and then click on Continue 
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Tax Year 2020 - Why is TurboTax not applying my itemized deductions when they are larger than the standard deduction?

Thank you. I'll try this.

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