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.
02577
1 Best answer
TJLee
Level 2
Feb 15, 2021 8:17:22 AM
Over 65, additional $1300 per person. Therefore, 24,800 + 1300 + 1300 = 27,400. Correct?
Thanks.
2 Replies
Mike9241
Level 15
Feb 15, 2021 12:53:38 AM
the 27,400 is the standard deduction
TJLee
Level 2
Feb 15, 2021 8:17:22 AM
Over 65, additional $1300 per person. Therefore, 24,800 + 1300 + 1300 = 27,400. Correct?