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Get your taxes done using TurboTax
The $30,700 on Form 1040 line 12 is the standard deduction. TurboTax uses that because it's more than your itemized deductions of $22,315 on Schedule A. Deducting the higher amount means you pay less tax or get a bigger refund. TurboTax automatically uses either itemized deductions or the standard deduction, whichever is higher.
‎February 21, 2024
6:11 PM