To Itemize or Not to Itemize?

Most people take the standard deduction on their tax returns ($12,400 for single taxpayers or $24,800 for married taxpayers filing jointly), but if you have qualifying expenses that exceed those figures, you can itemize and pay less money in taxes. If your tax situation places you at the border of standard and itemized, TurboTax suggests you create fiscally “lean” and “fat” years by bundling deductible expenses into a single tax year and itemizing, and not making so many deductible investments the next. #LastMinuteTaxTips

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