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Deductions & credits
Turbo Tax is still calculating the standard deduction for dependents incorrectly. They have not fixed problem.
If you go to the IRS webpage, there is a worksheet to calculate it. It says to add 350 to the dependent's income. If the sum is less than 12400 (for 2020), the sum is the standard deduction. Turbo Tax is almost $459.96 off on my standard deduction. As a result, it states I am getting less refund than what I should be. No one answers phone at 7 pm. I may choose a different option to file online. I have wasted more than an hour on their mistake and I still don't have taxes filed!
‎June 11, 2021
5:37 PM