Import Itemized Deductions from Prior Year for Comparison
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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:

  1. From within your TaxAct return (Online or Desktop), click Review, then click Reports (on smaller devices, click in the top left corner of your screen, then click Review).
  2. Continue with the interview process until you reach the screen titled Would you like to compare this year's return to last year's?, then click View Report (in some cases you will need to click Yes, let's run the comparison).

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.