- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Itemized vs standard deduction for self employed individual
Hi QB community! TurboTax has recommended to use itemized deductions rather than take the standard deduction, even though the standard deduction would be higher. This is for a scenario in which there are no state income taxes.
I'm trying to make sense of this: What would be the reasons why it would make sense to itemize deductions rather than take the standard deduction in this scenario?
Topics:
‎April 7, 2021
10:11 PM