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Deductions & credits
I see the standard deduction from 2022 to 2023 went up $1800 and we also gained $1500/person for turning 65, so that increased our standard deduction from $25,900 to $30,700, which is now more than our usual itemized deductions of $28,676, which is why TurboTax previously always used our itemizations but is using the Standard deduction for 2023. We have ALWAYS itemized in the past.
‎April 6, 2024
4:09 PM