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Why is my standard deduction, for married filing jointly, showing up as $26,600? I did not check the legally blind boxes.
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June 4, 2019
8:46 PM
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Investors & landlords
65+ And that apparently was good enough to add another $1,300 deduction for each of us!! Yeah!
June 4, 2019
8:46 PM
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Investors & landlords
If you and your spouse are 65 or older, then your standard deduction for a joint return is $24,000 + $1300 for each spouse who is 65 or older--so $24,000 + $2600 = $26,600.
**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.**
June 4, 2019
8:46 PM
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Investors & landlords
The software uses the dates of birth you entered in My Info to calculate it.
**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.**
June 4, 2019
8:46 PM
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Investors & landlords
You are welcome.
**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.**
June 4, 2019
8:46 PM