I dont think my standard deduction is being applied on my 1040 ?

Forum|Forum|2 years ago
January 9, 2024
3 replies
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TurboTax Deluxe Online

Bsch4477

Level 15

What’s on line 12?

VolvoGirl

Level 15

For 2023 the standard deduction amounts are:

Single 13,850 + 1,850 for 65 and over or blind (15,700)

HOH 20,800 + 1,850 for 65 and over or blind (22,650)

Joint 27,700 + 1,500 for each 65 and over or blind (29,200/30,700)

Married filing Separate 13,850 + 1,500 for 65 and over or blind (15,350)

xmasbaby0

Level 15

Are you being claimed as someone else's dependent?

In addition to the information already provided to you above, if you can be claimed as someone else's dependent

The standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,150 or the sum of $400 and the individual’s earned income (not to exceed the regular standard deduction amount).

See line 12 of your Form 1040 for your standard deduction.

PREVIEW 1040

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**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.**