I just started filling in the information for my federal taxes in TurboTax and the amount I owe is higher than I expected and was wondering if that is because TurboTax online does not enter deductions until you reach the deduction part of the return. I am going to be using the standard deduction and would like to know when that is applied to my return. Thanks for any advice.
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Sorry to tell you but Turbo Tax starts out by giving you the Standard Deduction at the beginning until your Itemized Deductions are more. Are you sure you aren't seeing a refund? Turbo Tax even starts out by giving you the full Stimulus payment until you enter the amounts you actually got.
I was afraid of that but just wanted to be sure. Thanks for the information and I did get the full stimulus payment.
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