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TurboTax Shares the 10 Most Overlooked Tax Deductions TheStreet 2 days ago © TheStreet TurboTax Shares the 10 Most Overlooked Tax Deductions Subscribe to the Turbo Tips podcast on Apple Podcasts, Spotify and iHeartRadio for more tax tips in 5 minutes or less! Get your share of more than $1 trillion in tax deductions The most recent numbers show that more than 45 million of us itemized deductions on our 1040s claiming $1.2 trillion dollars worth of tax deductions. That s right: $1,200,000,000,000! That same year, taxpayers who claimed the standard deduction accounted for $747 billion. Some of those who took the easy way out probably shortchanged themselves. (If you turned age 65 in 2018, remember that you deserve a bigger standard deduction than younger folks.)

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