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, local, real estate, and personal property taxes
- Home mortgage interest
- Charitable donations and gifts
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. But you can always override our recommendation if you wish.
Schedule A is supported in the paid versions of TurboTax.