zayopi
New Member

Why earlier my standard deduction was 12,700 and my exemption amount 16,200 but now they are 12,700 and 12,150

 
Carl
Level 15

Get your taxes done using TurboTax

You apparently have a dependent, and are filing Married Filing Joint. With that filing status the standard deduction for 2017 is $12,700 and the self-exemption for each married couple is $4050 meaning together you get an $8100 self-exemption for the two of you.

Then your first dependent gets you another $4050 exemption bringing that total from $8100 to $12,150. If you had a 2nd dependent, that would raise the exemption amount another $4050 to $16,200.

If you have two dependents, then either one of them does not qualify to be claimed by you as a dependent, or you made an incorrect selection or entry in the program, thus telling the program you do not qualify to claim that 2nd dependent.