I’m using TurboTax right now to file my tax . I’m confused with both deductions.
If I take standard Deduction, I will lose about $2400 federal refund .
If I take itermized deduction, will get $2400 extra federal return,but I’m afraid my state tax refund ( 30,000) will be taxed again in 2025, but not 100% sure it’s true .
I think I’m in 32% tax bracket.. what should I choose?
Any suggestions will be greatly appreciated!
If I take standard Deduction, I will lose about $2400 federal refund .
If I take itermized deduction, will get $2400 extra federal return,but I’m afraid my state tax refund ( 30,000) will be taxed again in 2025, but not 100% sure it’s true .
I think I’m in 32% tax bracket.. what should I choose?
Any suggestions will be greatly appreciated!
Statistics: Posted by rmr1010 — Thu Feb 22, 2024 2:37 am — Replies 0 — Views 20