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2021 TaxCaster Standard Deduction - adds $1700 for over 65 not $1350
When trying to estimate taxes for 2021 using the Tax Calculator-TaxCaster, the std deduction appears to be incorrect.
For Married Filing Joint the std deduction is set to $25,100. After setting age to over 65 it jumps by $1,700 to $26,800. Then it jumps by $1,700 again to $28,500 with spouse also set to over 65.
For 2021 isn't the extra deduction amount for over 65 supposed to be $1,350 not $1,700?
Using $1,350, the std deduction with both over 65 would be $27,800. Why is TaxCaster setting it to $28,500?
‎October 25, 2021
12:25 PM