BillM223
Employee Tax Expert

Retirement tax questions

What is the amount on 1040, line 12e? Is this one of the Standard Deductions? There are additional Standard Deductions than what are generally published - for example, (1) for dependents and (2) for those born before January 2, 1961, or blind, or even (3) if you had a net qualified disaster loss and you elected to increase your standard deduction by the amount of your net qualified disaster loss.

 

 

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