It appears that the difference is in the AMT.
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For electing itemize deduction for a single filer, the amount should be greater than $6300 (for 65 and over $7,850).
Also, it depends on your filing status and age.
• If you are filing married file separately and your spouse electing standard deductions. In this situation, you will allow taking standard deductions as well.
Or
• If you are over age 65, you will get higher Standard Deduction for single filler $6,300 + $ 1,550.
You can open forms mode to see your standard deductions. Or if you are using TTO use the following instructions.
The instructions for the online version of TurboTax:
• Click on "My Account" first in the upper-right corner (as of Feb. 26, 2016, anyway).
• Then click on the "Tools" menu item.
• Now the instructions above work (click on "View Tax Summary" followed by "Preview my 1040").
For electing itemize deduction for a single filer, the amount should be greater than $6300 (for 65 and over $7,850).
Also, it depends on your filing status and age.
• If you are filing married file separately and your spouse electing standard deductions. In this situation, you will allow taking standard deductions as well.
Or
• If you are over age 65, you will get higher Standard Deduction for single filler $6,300 + $ 1,550.
You can open forms mode to see your standard deductions. Or if you are using TTO use the following instructions.
The instructions for the online version of TurboTax:
• Click on "My Account" first in the upper-right corner (as of Feb. 26, 2016, anyway).
• Then click on the "Tools" menu item.
• Now the instructions above work (click on "View Tax Summary" followed by "Preview my 1040").
Itemized deductions phase out at high income levels.
Also see:
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