Not Enter
Dec 15
2010
2010
Should I enter deductions in my income tax if I do not own taxes?
I just finish filling out my income taxes. The software says I have a credit of $2,747. Should I enter my deductions any way? Or should I save my time? Please help.
Remember I do not own taxes; I even have a tax credit.
Thank you.
Chances are good you would need more than $10k of itemized deductions for it to be more than your standard deductions. If you already entered your standard deductions (marital status, dependents, etc.) Then don’t bother with Itemized deductions unless you accrued $20k+ worth of business-related expenses. (Mortgage or Rent associated with your business or line of work, or business supplies.)
Congressman Obey Denied Access to Wisconsin Capitol
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