Skip to main content
March 29, 2024
Question

I am a full time student and my parents can claim me. There is no where to decline the standard deduction.

  • March 29, 2024
  • 2 replies
  • 0 views
No text available

2 replies

Employee
March 29, 2024

You do not decline the standard deduction.  What you have to do that is very important is to say in MY INFO that you can be claimed as someone else's dependent.   When it asks you if you can be claimed make sure you say YES.   

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
March 29, 2024

You may want to itemize deductions if your standard deduction is limited because another taxpayer claims you as a dependent.

 

To switch from itemized to standard deduction (or vice versa):

  1. Open your tax return and select Federal, then Deductions & Credits.
  2. Scroll to the bottom and select Continue.
  3. Answer all the questions, until you get to the screen Based on what you just told us, the Standard Deduction is best for you or Based on what you just told us, itemizing deductions is best for you.
  4. On that screen, select Change my deduction.
    • You'll see a pop-up showing how much each deduction is worth.
  5. If you want to change your deduction, select it and Continue.
  6. If you don't want to change your deduction, select Cancel.

 

TurboTax FAQ: How do I change from the standard deduction to itemized (or vice-versa)?

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
Hal_Al
Employee
March 29, 2024

It's usually best if you enter your itemized deductions, early in the program.