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Why does it say I should take the standard deductions when the total of my morgage, state and local taxes and contributions exceed the standard deduction?
My mortgage interest is 25,000, contributions are 7,000 and I thought that state and local taxes are capped at 10,000. That totals 42,000. Why does TurboTax select the standard deduction of 26,000?
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‎June 4, 2019
2:04 PM