525797
I have already filed but after review it looks like I did not itemze. my refund is consideribly lower than last year (63% down) though my income is up 14%. I generally have a lot of deductions. Is there a way to see what the itemized return would have been vs taking the standard deduction once I have filed?
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The tax reform changes that were implemented for 2018 lowered several tax income brackets, so even with the change in standard versus itemized deductions, the overall income tax rates are lower. Because the income tax rates were lower, the IRS lowered the withholding tables, so employers withheld less in taxes in 2018 than in 2017. Compare the amount of taxes withheld as a percent of your income for the two years to see if this affected you. Plus, see more information below as to why your refund may have been lower this year:
https://ttlc.intuit.com/replies/3301788
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