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Level 2
December 25, 2023
Question

Error in calculating the standard deduction

  • December 25, 2023
  • 4 replies
  • 40 views

I am single.  I would get the standard deduction for my 2023 taxes of $13,850.

I was born in November of 1958 and I turned 65 in November of 2023.  Turbo Tax is now increasing my standard deduction by $1,850, for a total deduction of $15,700.

 

On the forms (i.e. Form 1040) in TurboTax checks the box "You were born before January 2, 1959" and that is were I believe the extra $1,850 is coming from.  I cannot uncheck that box.  TurboTax automatically checked this box.  TurboTax knows my birthday (Personal Wks) I was born in 1958, so I was born after January 2, 1959.

 

Isn't this an error?  Is the 1040 form wrong with the born after date?  Or do I not really deserve the extra senior standard deduction?

4 replies

Level 10
December 25, 2023

If what you state is correct, then November 1958 is BEFORE January 1959 not after, then you are entitled to the extra standard deduction. 

jefflaubeAuthor
Level 2
December 25, 2023

Thanks.  My error

 

Critter-3
Level 15
December 26, 2023

The program knows you turned 65 at sometime in 2023  and is giving you the increased standard deduction correctly ... ignore the words on the screen. 

Level 15
December 25, 2023

You posted: TurboTax knows my birthday (Personal Wks) I was born in 1958, so I was born after January 2, 1959.

 

No, you were born before January 2, 1959.