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Get your taxes done using TurboTax
There is no more personal exemptions on a federal return. That went out a couple years ago. Now you get a higher Standard Deduction. Is the Standard Deduction wrong on line 12?
For 2020 the standard deduction amounts are:
Single 12,400 + 1,650 for 65 and over or blind (14,050)
HOH 18,650 + 1,650 for 65 and over or blind
Joint 24,800 + 1,300 for each 65 and over or blind
Married filing Separate 12,400 + 1,300 for 65 and over or blind
‎April 5, 2021
10:09 AM