Do you have enough deductions to Itemize? This year the Standard Deduction will be doubling so many people will be switching to the Standard Deduction. And there is a max 10,000 limit (5,000 MFS) of property tax and state taxes "SALT". And you can only deduct Medical that’s over 7.5% of your AGI. Also the deduction for job expenses have been suspended.
FAQ on 2018 changes <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return">https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return</a>
For 2018 the standard deduction amounts are:
Single 12,000 + 1,600 for 65 and over or blind
HOH 18,000 + 1,600 for 65 and over or blind
Joint 24,000+ 1,300 for each 65 and over or blind
Married filing Separate 12,000 + 1,300 for 65 and over or blind
After you have entered all of your itemized deductions into TurboTax, the program will decide which deduction (Itemized or Standard) brings you the most benefit.
You can view how much your deduction amount currently is by taking the following steps:
1.) On the left-hand side of your return, click Tax Tools
2.) Click Tools
3.) On the window that pops up, click View Tax Summary
4.) On the left-hand side of your screen, click Preview My 1040
Your deduction amount will be listed on Line 8 of your Form 1040.