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Why is turbotax recommending the standard deduction for me?
Turbotax is saying that the best option is for me to take the Standard Deduction this year...
When I go back and look at my deduction categories for 2020, here is what I find:
Gifts to Donations and Charity: $2,992
Unreimbursed Employee Expenses: $1,141
Mortgage Interest: $14,084
Real Estate Taxes: $5,575
State and Local Income: $6,113
Vehicle Registration Fees: $107
State and Local Taxes Greater than $10,000: ($1,795)
TOTAL $28,217
When I go to the next page where it gives me the option to change my deduction to the Itemized approach, it is saying that my total is only $21,271:
Can anyone tell me why Turbotax is only finding $21,271 in itemized deductions instead of the $28,217 I'm adding up myself?
Thanks!