topic Question about Standard Deduction in Deductions & credits

Question about Standard Deduction

MCremer — Mon, 03 Jun 2019 19:37:17 GMT

How do I still owe money to the IRS after withholding when the standard deduction went from $6,350 in 2017 to $12,000 in 2018?

We would need more information about your income amount a...

DanielV01 — Mon, 03 Jun 2019 19:37:18 GMT

We would need more information about your income amount and type in order to answer your question accurately. Please feel free to provide additional detail.

See OP's other questions: https://ttlc.intuit.com/users/c3200df0-d4da-4928-851f-7b6bf69b873e">https://ttlc.intuit.com/users/c3200df0-d4da-4928-851f-7b6bf69b873e</a>

Well, there is no more $4,050 Personal Exemption. $6350 +...

SweetieJean — Mon, 03 Jun 2019 19:37:22 GMT

Well, there is no more $4,050 Personal Exemption.
$6350 + 4050 = $10,400 in 2017. This has been replaced by $12,000 in 2018.

Although the standard deduction increased, the personal e...

Hal_Al — Mon, 03 Jun 2019 19:37:23 GMT

Although the standard deduction increased, the personal exemption was eliminated. Effectively the deduction before taxes was only increased by $1700.