3127870
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jeffbeish
Returning Member

2023 instructions states line 12 of the 1040 form, "if I checked 4 boxes in the Standard Deductions" the table below indicates the Standard Deduction should be $33,700.

TurboTax computed my standard deduction is $30,700, but it should be $33,700.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

2023 instructions states line 12 of the 1040 form, "if I checked 4 boxes in the Standard Deductions" the table below indicates the Standard Deduction should be $33,700.

If all 4 boxes were checked then you are both age 65 or older and you both are legally blind.  Is that correct?

 

If you both are NOT blind but are age 65 or older then your Standard Deduction for tax year 2023 is $30,700.

2023 instructions states line 12 of the 1040 form, "if I checked 4 boxes in the Standard Deductions" the table below indicates the Standard Deduction should be $33,700.

Are you filing a joint return?   Are both spouses 65 or older?   Is one or both of you also legally blind?

 

2023 STANDARD DEDUCTION AMOUNTS

 

SINGLE $13,850  (65 or older/legally blind + $1850)

 

MARRIED FILING SEPARATELY $12,850  (65 or older/legally blind + $1500)

 

MARRIED FILING JOINTLY $27,700  (65+/legally blind) )  + $1500 per spouse

 

HEAD OF HOUSEHOLD  $20,800 (65 or older/blind)  + $1850)

**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.**
jeffbeish
Returning Member

2023 instructions states line 12 of the 1040 form, "if I checked 4 boxes in the Standard Deductions" the table below indicates the Standard Deduction should be $33,700.

No, you state "both age 65 or older and you both are legally blind" but the instructions states: "both age 65 or older or you both are legally blind."

jeffbeish
Returning Member

2023 instructions states line 12 of the 1040 form, "if I checked 4 boxes in the Standard Deductions" the table below indicates the Standard Deduction should be $33,700.

You are absolutely wrong, learn to read.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question