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income tax 2020 tax software example itemized deductions schedule a overview come in relax with income tax 2020. here we are in our liscert tax software you dont need the laser attack software in order to follow along although i think they do have a free 30-day trial so if you have access to a demo version for a free 30-day trial it cant be a good tool to be practicing with were going to be focusing here on the form 1040 and the schedule a jumping back and forth from the data input to the forms the tax software making it easier to do so as we run different scenarios our starting point is going to be our single filer for eric smith living in beverly hills 90210 100 000 w-2 income we have the 12 400 on the standard deduction which we are then going to take a look at as it might change as itemized deductions clear that basic threshold if they get to that point that gives us the eighty seven thousand six on the taxable income if we see that in an income uh formula format or tax formula
