RB180CE
Returning Member

Listed deduction is larger than standard deduction

Just finished entering my data for 2020 and the deduction on 1040 line 12 is $2600 larger than the standard deduction of $24800 with no explanation of why. Schd A has no values of $2600 on it and the total is smaller than the standard deduction anyway. Clicking on the line 12 number takes me to Schd A but, as I say, no explanation of how the number comes to be. Anyone know how I can find out how the value for line 12 is determined?

Deductions & credits

Are you and your spouse 65 or older?

 

 

2020 Standard Deduction Amounts

 

Single $12,400   (+ $1650 65 or older)

Married Filing Separate  $12,400   (+ $1300 if 65 or older)

Married Filing Jointly $24,800   (+ $1300 for each spouse 65 or older)

Head of Household $18,650  (+ $1650 for 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.**
JohnW152
Expert Alumni

Deductions & credits

Since you're married filing jointly, it sounds like you and your spouse qualify for the additional standard deduction amount for age and/or blindness.  That accounts for the additional $2,600.

Your standard deduction for 2020 starts at $24,800.  Then,

Add $1,300 if you were born before January 2, 1956.

Add $1,300 if your jointly-filing spouse was born before January 2, 1956.

Add $1,300 if you were blind as of December 31, 2020.

Add $1,300 if your jointly-filing spouse was blind as of December 31, 2020.

View solution in original post

RB180CE
Returning Member

Deductions & credits

Thanks!