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Deductions
I live in Texas and I am taking the standard deduction of $27700 for MFJ. Turbo tax is listing my deductions as $269 for QBI, $27700 for the standard deduction, and -$7678 for State and Local taxes in excess of $10000. But the total deduction comes to $29712. Where did the extra $1743 come from? I cannot find anything that would explain that.
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‎April 7, 2024
7:01 AM