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Andi1054
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Standard Deduction

HI,

This was my first time to use Turbo Tax..... I am concerned that I may not have gotten my standard deduction, which line would I find it on?

 

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2 Replies

Standard Deduction

TurboTax automatically uses your standard deduction unless you enter enough itemized deductions to exceed your standard deduction or force itemizing because you are filing MFS.  Look on line 8 of your Form 1040.

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing.

 

Your standard deduction lowers your taxable income.  It is not a refund 

2018 Standard Deductions:

Single   $12,000  (+ $1600 65 or older)

Married Filing Separately    $12,000  (+ $1300 65 or older)

Married Filing Jointly  $24,000  (+ $1300 each spouse 65 or older)

Head of Household  $18,000  (+ $1600 65 or older)

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Standard Deduction

note  that the 'standard deduction' could be lower than stated in this thread if you are claimed as a dependent by others - it would depend on your income if that were true. 

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