topic Re: Itemized vs. Standard. in Get your taxes done using TurboTax

Itemized vs. Standard.

MsJulie — Sat, 27 Feb 2021 16:00:07 GMT

My Itemized Deductions were $300 higher than the standard deduction but Turbo Tax said to take Standard.

I do not understand why.

There are no medical expenses in my itemized.
Property taxes were just $3000

I did not exceed anything.

Re: Itemized vs. Standard.

MsJulie — Sat, 27 Feb 2021 16:35:38 GMT

I am going to reply to my own message as I figured it out!

Since the IRS now allows up to $300 for charitable contributions, it added that in. My standard deduction plus that $300 coincidently equaled my itemized deductions. I can now see why Turbo Tax told me to take the standard. That makes sense. Turbo Tax is smart. 🙂