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10 replies

Alumni - Champ
SweetieJeanAlumni - Champ
Alumni - Champ
March 4, 2021

Age 65+ gets a higher Standard deduction.  Do you have a question?

nlbslb2018Author
Level 2
March 7, 2021

Yes, age 65+ gets a higher deduction ,which with my single status I thought gave me a $15,700 standard deduction. you are only giving me $14.050 ??????

DoninGA
Level 15
DoninGALevel 15
Level 15
March 7, 2021
@nlbslb2018 wrote:

Yes, age 65+ gets a higher deduction ,which with my single status I thought gave me a $15,700 standard deduction. you are only giving me $14.050 ??????

What is actually shown on the federal tax return Form 1040 Line 12?  Is your date of birth correct in the My Info section of the program for your personal information?

 

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.

 

VolvoGirl
VolvoGirl
Level 15
March 4, 2021

That doesn't seem to be one of the Standard amounts.  What is your filing status?  Are you Married filing Separate?  That would be 13,700.

DoninGA
Level 15
DoninGALevel 15
Level 15
March 4, 2021

What is your filing status?  How old are you?  Are you looking at the Form 1040 Line 12?

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