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Schedule Ptfc Stfc Form 1040me

Schedule Ptfc Stfc Form 1040me

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Instructions and help about schedule ptfc stfc form 1040me

so in this video i want to go over with you um itemized deductions on a 1040 tax return and the reason i want to go into some detail on this is a lot of tax preparers are asking their clients to provide all this information on their itemized deductions right their charitable contributions medical expenses um you know mortgage interest all this stuff and a lot of times it's just completely unnecessary because you can't itemize right so what's an example of that so in this um example we've got a single filer john q taxpayer so if you're a single filer in the u.s you're going to get a standard deduction at least for 2019 it was 12 200 and it'll go up a little more for 2020. everybody gets this right so the only way you would want really to itemize or the only real benefit would be if you had itemized deductions that totaled more than that amount right that's pretty it's pretty obvious right so if we scroll down and we look at a sample schedule a here so i filled this out with some model i

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