Why is my standard deduction, for married filing jointly, showing up as $26,600? I did not check the legally blind boxes.
061479
1 Best answer
xmasbaby0
Level 15
Jun 4, 2019 8:46:36 PM
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.
6 Replies
Stinkerbellkity
Level 7
Jun 4, 2019 8:46:33 PM
what are your ages?
MUTiger68
Level 1
Jun 4, 2019 8:46:34 PM
65+ And that apparently was good enough to add another $1,300 deduction for each of us!! Yeah!
xmasbaby0
Level 15
Jun 4, 2019 8:46:36 PM
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.
xmasbaby0
Level 15
Jun 4, 2019 8:46:37 PM
The software uses the dates of birth you entered in My Info to calculate it.