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Stanley's standard deduction on his federal income tax return is $5700 if he paid $4590 in state taxes and $1230 in mortgage interest last year should he use his standard d…

Stanley's standard deduction on his federal income tax return is $5700 if he paid $4590 in state taxes and $1230 in mortgage interest last year should he use his standard d…
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Stanley's standard deduction on his federal income tax return is $5700 if he paid $4590 in state taxes and $1230 in mortgage interest last year should he use his standard deduction?

User Gurbakhshish Singh
by
7.4k points

2 Answers

1 vote
He should use the standard deduction if it's more than the itemized deductions. Is 5700 more than 4590 + 1230 ?
User Azade Farshad
by
8.3k points
2 votes
No because it is less than the deduction he would get from itemizing.
User Dmitry Ovchinnikov
by
8.9k points
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