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Deductions & credits
@photobug56 wrote:
Now I'm even more confused. I'm asking about the discrepancy between 2 numbers posted for married filing jointly, the standard deduction. You said the same thing I've seen online, and TT shows a higher number. Is TT right or wrong? FYI I'm 66, my spouse is UNDER 65. The '+' thing I'm unfamiliar with.
Thanks!
Your Standard Deduction based on your ages is $26.450. This is the amount that should be on your Form 1040 Line 12a if your itemized deduction are not greater than the Standard Deduction.
March 6, 2022
4:56 PM