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What do I do when I dont have a home to claim?

 
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1 Best answer

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JohnB5677
Expert Alumni

What do I do when I dont have a home to claim?

 If you don't have a mortgage or Real Estate taxes to deduct, that's Okay.  You can skip that section.  

 

Each year you have a choice to list items like Taxes, Mortgage Interest and Charities etc.   These are called Itemized Deductions.  

 

If you do not choose to do this, or if you don't have these expenses, you will automatically get the Standard Deduction.  This will reduce your taxable income by $12,200 for a single person, or $24,400 if married. 

 

If you try to post Itemized Deductions TurboTax will determine which will save you the most money.

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2 Replies

What do I do when I dont have a home to claim?

Just skip that section.

JohnB5677
Expert Alumni

What do I do when I dont have a home to claim?

 If you don't have a mortgage or Real Estate taxes to deduct, that's Okay.  You can skip that section.  

 

Each year you have a choice to list items like Taxes, Mortgage Interest and Charities etc.   These are called Itemized Deductions.  

 

If you do not choose to do this, or if you don't have these expenses, you will automatically get the Standard Deduction.  This will reduce your taxable income by $12,200 for a single person, or $24,400 if married. 

 

If you try to post Itemized Deductions TurboTax will determine which will save you the most money.

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