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New Member
posted Jun 3, 2019 12:56:36 PM

Program not adding deduction for exemption of parent how do I go back to add it

I have not filed yet...in process only 

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1 Replies
New Member
Jun 3, 2019 12:56:37 PM

The Tax Cuts and Jobs Act of 2017 discontinued the use of the personal exemption for the next eight years.

For 2018, the increased Standard Deduction amounts for all filers are:

  • Single or Married filing separately—$12,000.
  • Married filing jointly or Qualifying widow(er)—$24,000.
  • Head of household—$18,000.

Please be aware that this increase in the Standard Deduction is accompanied by the suspension, for tax years from 2018 to 2025, of the Personal Exemption, which in 2017 was $4,050 for the taxpayer, spouse, and each dependent.