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Get your taxes done using TurboTax
It depends.
There were a lot of changes that took effect for the 2018 tax returns. The standard deduction increased, taxes were limited to $10,000 for itemized deduction purposes, as a new limits on the amount that could be deducted for mortgage interest depending upon your outstanding loan balance.
The best thing to do is to compare your return as you have prepared in 2019 to the return you are preparing for 2018.
- Did you earn more income or did your withholdings change between both years?
- Were you eligible for a tax credit that you haven't claimed
- Did you file using a different filing status this year (for example, married to single)?
The changes can be due to a variety of factors.
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March 27, 2020
7:17 PM