You'll need to sign in or create an account to connect with an expert.
No, but please read on.
If you know that you will not Itemize Deductions, then the only time (but see below) that you might want to enter something is if you made one or more cash contributions in 2020 and want to be able to take the $300 deduction on line 10b on the 1040.
In this case, all you need to enter are the cash contributions (no more than $300). NOTE: the second half of getting this deduction will come in the Federal Review when TurboTax realizes that you have cash contributions as well as are taking the Standard Deduction. TurboTax will ask you about this in the Review, and then the deduction will appear.
NOTE: some states have more liberal deductions than the federal return does, like lower standard deductions, certain deductions allowed all the time, and so on. In these cases, we ask taxpayers to enter their deductions on the federal return, because the deductions will flow down to the state returns.
No, but please read on.
If you know that you will not Itemize Deductions, then the only time (but see below) that you might want to enter something is if you made one or more cash contributions in 2020 and want to be able to take the $300 deduction on line 10b on the 1040.
In this case, all you need to enter are the cash contributions (no more than $300). NOTE: the second half of getting this deduction will come in the Federal Review when TurboTax realizes that you have cash contributions as well as are taking the Standard Deduction. TurboTax will ask you about this in the Review, and then the deduction will appear.
NOTE: some states have more liberal deductions than the federal return does, like lower standard deductions, certain deductions allowed all the time, and so on. In these cases, we ask taxpayers to enter their deductions on the federal return, because the deductions will flow down to the state returns.
Still have questions?
Make a postDid the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.