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Is standard deduction automatically applied?
I went through the interview process where I've added all my itemized deductions to determine if I should do standard or itemized. In the end TurboTax determined that standard was the biggest saving for me. However, The 'tax counter' didn't show a decrease when standard deduction was applied. I could see this counter decreasing for other deductions such as HSA deduction. Is standard somehow automatically applied to my owe/refund amount?
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‎June 6, 2019
1:21 AM