Hi,
Last year TurboTax itemized my deductions for the best situation. This year it is saying the standard deduction is best. Our taxable income when up from 169K to 218K. However, mortgage interest (all primary residence) and taxes were about the same although I did refinance twice. Mortgage is under 620K. Last year, by itemizing, there was about 35K in deductions mostly mortgage interest and property taxes. This year interest was about 20K and property taxes were about the same, about 11K. Why would the standard deduction be better his year?
Thanks
