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turbo tax entered the wrong amount for standard deduction in the state. state of Missouri. It is only 12,550. Turbotax software entered 14,250.

state of Missouri tax 

turbotax entered standard deduction amount incorrectly

it entered $14,250 instead of $12,550

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Accepted Solutions

turbo tax entered the wrong amount for standard deduction in the state. state of Missouri. It is only 12,550. Turbotax software entered 14,250.

Were you 65 or older at the end of 2021?

 

 

 

2021 STANDARD DEDUCTION AMOUNTS

 

SINGLE $12,550  (65 or older + $1700)

 

MARRIED FILING SEPARATELY $12,550  (65 or older + $1350)

 

MARRIED FILING JOINTLY $25,100  (65 or older + $1350 per spouse)

 

HEAD OF HOUSEHOLD  $18,800  (65 or older +$1700)

 

Legally Blind + $1350

**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.**

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4 Replies

turbo tax entered the wrong amount for standard deduction in the state. state of Missouri. It is only 12,550. Turbotax software entered 14,250.

Were you 65 or older at the end of 2021?

 

 

 

2021 STANDARD DEDUCTION AMOUNTS

 

SINGLE $12,550  (65 or older + $1700)

 

MARRIED FILING SEPARATELY $12,550  (65 or older + $1350)

 

MARRIED FILING JOINTLY $25,100  (65 or older + $1350 per spouse)

 

HEAD OF HOUSEHOLD  $18,800  (65 or older +$1700)

 

Legally Blind + $1350

**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.**

turbo tax entered the wrong amount for standard deduction in the state. state of Missouri. It is only 12,550. Turbotax software entered 14,250.

thanks 

that will make it correct

12550 plus 1700 = 14250     That is spot on.

jgerdesjr
New Member

turbo tax entered the wrong amount for standard deduction in the state. state of Missouri. It is only 12,550. Turbotax software entered 14,250.

Also enters wrong amount for standard deduction of join elderly filers for 1040-SR. Turbo tax lists 27,800 while 28,700 is the correct amount.  Running software update does not fix the problem. I am using Premier edition I purchased in 2021

 

turbo tax entered the wrong amount for standard deduction in the state. state of Missouri. It is only 12,550. Turbotax software entered 14,250.

Are you using the 2021 program?  That is the Standard Deduction for 2021.  You need to use the 2022 program.  You are in the wrong program if you have both years installed.  Or you need to buy the 2022 program.

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