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Level 2
March 12, 2021
Question

Total itemized deductions

  • March 12, 2021
  • 3 replies
  • 15 views

Preparing Form 1040, total itemized deductions on Schedule A is $25,566.

ON line 12 of Form 1040, itemized deductions, it shows as $26,100.

How can this be?

This topic has been closed for replies.

3 replies

IRonMaN
Level 15
March 12, 2021

Are you familiar with how much the standard deduction is these days?

Slava Ukraini!
IIYnhgAuthor
Level 2
March 12, 2021

Yes.  A few hundred dollars less than the amount of their itemized.

sjrcpa
Level 15
March 12, 2021

Is anyone over 65?

The more I know the more I don’t know.