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Deductions & credits
For 2021 taxes, I've discovered that TurboTax recommends the Standard Deduction of $25,100 because my Itemized Deductions are $23,000. By accident I discovered that when I chose Itemized Deductions (against the recommendation), my AMT tax went DOWN by about 4,000 which reduced my overall tax due. Might be worth trying both ways if you're paying AMT.
March 24, 2022
3:16 PM
486 Views