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itemized vs standard deduction
Hello,
Our total income is $163,549 and my list of itemized deductions total $65,239 which includes $24,479 of medical expenses. I'm using Turbo Tax premier which gives me only the standard deduction. I also have a college age student with $20,202 worth of tuition and expenses that are included in my total itemized deductions (see above).
My question is why Turbo Tax only gives me the standard deduction of $26,450?
Thank you.
Keith Rex
March 11, 2022
10:41 AM