Tax year 2024: my line 17 figure on schedule A auto-filled Line 12 on form 1040 with a different HIGHER number. What is going on? it's driving me crazy!
Tax year 2024: my line 17 figure on schedule A auto-filled Line 12 on form 1040 with a different HIGHER number. What is going on? it's driving me crazy!
I know this is an obvious question, but any chance that the amount entered on line 12 on the 1040 is the Standard Deduction, so that unless you check a certain box in an interview, the Schedule A amount will be ignored?
Next, any chance that this exception about disaster losses applies to you?
Exception 4—Increased standard deduction for net qualified disaster loss. If you had a net qualified disaster loss and you elect to increase your standard deduction by the amount of your net qualified disaster loss, use Schedule A to figure your standard deduction. Qualified disaster loss refers to losses arising from certain disasters occurring in 2016 and subsequent years.