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TJLee
Level 2

Itemized deduction discrepancy

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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‎February 14, 2021 9:12 PM
last updated ‎February 14, 2021 9:12 PM
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TJLee
Level 2

Itemized deduction discrepancy

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

Thanks.

View solution in original post

‎February 15, 2021 8:17 AM
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2 Replies
Mike9241
Level 15
Level 15

Itemized deduction discrepancy

the 27,400 is the standard deduction 

‎February 15, 2021 12:53 AM
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TJLee
Level 2

Itemized deduction discrepancy

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

Thanks.

‎February 15, 2021 8:17 AM
0
539
Reply
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