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Get your taxes done using TurboTax
Is the Schedule A reported with your return? The IRS allows an increased standard deduction by filing a Schedule A if you have incurred a loss due to a natural disaster. Here is what the IRS states, "Increased standard deduction reporting. If you have a net qualified disaster loss and aren’t itemizing your deductions, you can claim an increased standard deduction using Schedule A (Form 1040) or Schedule A (Form 1040-NR), by doing the following."
See the link below for more information:
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2 weeks ago