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Level 2
April 10, 2021
Question

client has larger than standard deduction-but program still using standard

  • April 10, 2021
  • 7 replies
  • 24 views

My client has standard deductions of $24,861  - but program is using standard $24,800

Why?

This topic has been closed for replies.

7 replies

dkh
Level 15
April 10, 2021

You've got $24861 on line 17 of Schedule A but program is only taking Std deduction of $24800.

Have you by chance checked the box on Federal Information Sheet Part X - Use Std Deduction even if less than Itemized?         

sjrcpa
Level 15
April 10, 2021

Is it using $24,800 std deduction plus $300 charitable contributions?

The more I know the more I don’t know.
Intuit Community Champion
April 10, 2021

This is what is happening.  The program is correctly calculating that a $24,800 SD PLUS a $300 above the line charitable contribution deduction is better taxwise than a $24,861 itemized deduction.