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How can the standard deduction change? It is 25,100 for married filing jointly. TurboTax showed this last month when I finished and was ready to file. Now it is 25650.
Last month I completed taxes in TurboTax and was ready to file, but waited till closer to tax day since we owed money. Today when I went to file, the numbers were all different but I had made NO CHANGES. TurboTax now says the Standard Deduction is $25,650??? And it says we owe an underpayment penalty of $25 AND the taxes due went up about $800! All of this with NO CHANGES.
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‎April 4, 2022
10:53 PM