turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Schedule A to Form 1040

If line17 of skd A is =22,315. why is ln12 form 1040 =30,700? filing jointly..

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
rjs
Level 15
Level 15

Schedule A to Form 1040

The $30,700 on Form 1040 line 12 is the standard deduction. TurboTax uses that because it's more than your itemized deductions of $22,315 on Schedule A. Deducting the higher amount means you pay less tax or get a bigger refund. TurboTax automatically uses either itemized deductions or the standard deduction, whichever is higher.

 

View solution in original post

2 Replies
rjs
Level 15
Level 15

Schedule A to Form 1040

The $30,700 on Form 1040 line 12 is the standard deduction. TurboTax uses that because it's more than your itemized deductions of $22,315 on Schedule A. Deducting the higher amount means you pay less tax or get a bigger refund. TurboTax automatically uses either itemized deductions or the standard deduction, whichever is higher.

 

barbholc
New Member

Schedule A to Form 1040

The program assumes that you would rather have a large standard deduction of $30,000+ than a smaller itemized deduction of $22,000+.  You get more tax free money that way.  If your schedule A number was say $32,000 then that number would go into the 1040.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies