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Why does TT suggest taking itemized deduction of $12K when I thought standard deduction is $24K (married, joint).
"Based on what you just told us, itemizing your deductions is best for you"
Itemized deduction: $12,355
but that's way smaller than standard deduction at $24,800. The $12K itemized makes sense, based on what I entered. I am unclear why turbotax would suggest it, I thought for sure I would take standard deduction this year?
Itemized deduction: $12,355
but that's way smaller than standard deduction at $24,800. The $12K itemized makes sense, based on what I entered. I am unclear why turbotax would suggest it, I thought for sure I would take standard deduction this year?
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March 11, 2021
10:34 PM