Skip to main content
June 5, 2019
Solved

Why is a Standard Deduction of $25,300 being used when our deductions/credits are $38,140?

  • June 5, 2019
  • 2 replies
  • 0 views
No text available
Best answer by PopeyeTheSalior

You should compare the Standard Deduction to the Itemized Deduction on Schedule A, not total Deductions/ Credits.

Check Schedule A line 17.  On line 9 of Form 1040, the program chooses the greater between the two. 

 

[Edited 3/31/2020 | 5:39 PM]

2 replies

Employee
June 5, 2019
Not all deductions (such as Medical) count at 100%, and State/Local/Sales/Property taxes are capped at $10,000 total.
PopeyeTheSalior
Employee
June 5, 2019

You should compare the Standard Deduction to the Itemized Deduction on Schedule A, not total Deductions/ Credits.

Check Schedule A line 17.  On line 9 of Form 1040, the program chooses the greater between the two. 

 

[Edited 3/31/2020 | 5:39 PM]