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June 1, 2019
Question

We are retired - used the standard itemization reduction - no mortgage, no children - the the Federal return (we owe $33) is only ONE page long?? Is that right?

  • June 1, 2019
  • 1 reply
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1 reply

CalCountry
Employee
June 1, 2019

Likely yes . . . A TurboTax single page 1040 is the result of significant changes to income taxes and forms for 2018.  If you elect the Standard Deduction, you won't have a Schedule A itemized deductions.  If you have interest and dividend income lower than the $1,500 threshold, you won't have a Schedule B in addition to your 1040.