topic Standard Deduction coming up wrong in Deductions & credits

Standard Deduction coming up wrong

Datacom1474 — Sat, 06 Feb 2021 00:50:59 GMT

Filling out Turbo Tax Premier 2020. Filing as Single and it says I'm getting the "Standard Deduction" It shows up on line 12 of the 1040 form as $1,100 not $12,400. Is this a bug?

Re: Standard Deduction coming up wrong

xmasbaby0 — Sat, 06 Feb 2021 01:05:40 GMT

Are you being 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 $1,100 or the sum of $350 and the individual’s earned income (not to exceed the regular standard deduction amount).

Re: Standard Deduction coming up wrong

Datacom1474 — Sat, 06 Feb 2021 01:14:56 GMT

Yes, this seems like the issue. If you check the box that someone CAN claim you as a dependent it doesn't make a difference which sub-box gets selected (they will claim or they wont claim).

thanks for the feedback