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Standard Deduction or Not
For the last several years, TurboTax recommends that I file standard deductions. This is after a long filing session with them. My financial situation hasn't changed much other than I am now retired. I get Social Security and my wife and I both get small retirement benefits. We have the usual mortgage interest and tax stuff and get a small income from some stocks we own. Nothing has changed from that. Should I skip going through all the TurboTax questions this year and go Standard Deductions, saving some tax preparation fees?
‎February 4, 2021
8:39 AM