1040 line 12 shows itemized deductions of 27,400. When I quick zoom to schedule A line 17, itemized deductions are 26,824. How is this possible? I can only conclude that this is an error in TurboTax.
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Over 65, additional $1300 per person. Therefore, 24,800 + 1300 + 1300 = 27,400. Correct?
Thanks.
the 27,400 is the standard deduction
Over 65, additional $1300 per person. Therefore, 24,800 + 1300 + 1300 = 27,400. Correct?
Thanks.
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