When you import your prior year tax return into the current year return, itemized deduction amounts will transfer to the Prior Year Comparison report, even if you used the standard deduction in the prior year. When you enter itemized deductions in the current year return, the amounts will also appear on the Prior Year Comparison report (in the current year's column) even if the standard deduction is used on Form 1040 U.S. Individual Income Tax Return. The Prior Year Comparison report and prior year deductions will not affect your return; they are provided for informational purposes only. The categories that transfer include: medical and dental expenses, taxes, interest, contributions, casualty and theft losses, and other deductions.
To import your prior year tax return, go to one of our FAQs depending on your TaxAct program:
To view the Prior Year Comparison report:
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.