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New Member
posted Dec 25, 2023 1:49:06 PM

Error in calculating the standard deduction

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?

0 4 763
4 Replies
Level 10
Dec 25, 2023 1:58:34 PM

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

Level 15
Dec 25, 2023 2:00:35 PM

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. 

 

New Member
Dec 25, 2023 2:01:50 PM

Thanks.  My error

 

Level 15
Dec 25, 2023 5:31:04 PM

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.