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Level 2
February 15, 2021
Solved

Itemized deduction discrepancy

  • February 15, 2021
  • 1 reply
  • 1 view

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.

    Best answer by TJLee

    Over 65, additional $1300 per person. Therefore, 24,800 + 1300 + 1300 = 27,400. Correct?

    Thanks.

    1 reply

    Mike9241
    Level 15
    Level 15
    February 15, 2021

    the 27,400 is the standard deduction 

    Mike9241
    TJLeeAuthorAnswer
    Level 2
    February 15, 2021

    Over 65, additional $1300 per person. Therefore, 24,800 + 1300 + 1300 = 27,400. Correct?

    Thanks.