topic Does the new standard deduction of $24,000.00 for married couples filing jointly apply for filing 2017 income tax? in Get your taxes done using TurboTax

Does the new standard deduction of $24,000.00 for married couples filing jointly apply for filing 2017 income tax?

molly307 — Mon, 03 Jun 2019 17:22:55 GMT

xmasbaby0 — Mon, 03 Jun 2019 17:22:57 GMT

No. That will be in effect for your 2018 tax return when you prepare it next year in 2019.

2017 Standard Deductions

Single $6350 (65 or older + $1550)

Married Filing Separately $6350 (65 or older + $1250)

Married Filing Jointly $12,700 (65 or older + $1250@)

Head of Household $9350 (65 or older + $1550)

SweetieJean — Mon, 03 Jun 2019 17:22:59 GMT

No. It starts with the 2018 tax year returns filed in early 2019.