Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

posted

Connect with an expert

3 Replies

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

This is very odd- because we cannot see your tax return, you may want to call in so a live assistant can help. See What is the TurboTax phone number?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

I did speak with live and got my answer. It was due to prior years' Alternative Minimum Tax and the "credit" that I had built up as a result. I didn't fully understand, and it was a new one for the live CPA as well, but it turns out that since I had been hit so hard with AMT in prior years, this now serves as a "credit" if I itemize. This credit can last up to 20 years! - Thanks

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

If you are interested in more information on AMT and AMT credit carryforward, please see this TurboTax article on AMT and Common Tax Questions

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Make a post

Manage cookies

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

Get more help

Do you have a TurboTax Online account?

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

Do you have an Intuit account?

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

Turbotax is telling me to take the itemized deduction, even though it is lower than the standard deduction. This increases my refund. Why?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert