What is Schedule A?
by TurboTax•528• Updated 10 months ago
The IRS lets you take either the Standard Deduction or the itemized deduction. If you itemize, we'll automatically fill out Schedule A, Itemized Deductions.
Schedule A lets you report certain deductible expenses like:
- Medical and dental costs above and beyond 7.5% of your AGI
- State and local income or sales tax, real estate, and personal property taxes
- Home mortgage interest
- Charitable donations
Casualty losses (losses caused by a sudden, unexpected, or unusual event) to personal property are only deductible if covered by specific federal disaster declarations.
After you finish going through the Deductions & Credits section, we'll recommend whichever deduction (standard or itemized) gives you the biggest tax break. You can always override our recommendation.
Schedule A is supported in the paid versions of TurboTax.
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