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1 reply

JohnB5677
JohnB5677
March 4, 2020

Maybe, Each year you have a choice to list items like Taxes, Mortgage Interest and Charities etc.   These are called Itemized Deductions  What are Itemized Deductions

 

If you do not choose to do this, or if you don't have these expenses, you will automatically get the Standard Deduction.  This will reduce your taxable income by $12,200 for a single person, or $24,400 if married. What is the Standard Deduction

 

If you post Itemized Deductions, TurboTax will determine which will save you the most money.  The charities alone may not be enough to outweigh the standard deduction.

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