Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
dduncan180-
New Member

Hi, it seems like Turbo Tax isn't using the new $12,000 standard deduction for singles. Is this not in effect yet?

 
1 Best answer

Accepted Solutions
TomK
New Member

Hi, it seems like Turbo Tax isn't using the new $12,000 standard deduction for singles. Is this not in effect yet?

No.  The newly signed tax legislation affects tax year 2018 that you file in 2019. 

View solution in original post

2 Replies
TomK
New Member

Hi, it seems like Turbo Tax isn't using the new $12,000 standard deduction for singles. Is this not in effect yet?

No.  The newly signed tax legislation affects tax year 2018 that you file in 2019. 

maglib
Level 10

Hi, it seems like Turbo Tax isn't using the new $12,000 standard deduction for singles. Is this not in effect yet?

that is effective for tax year 2018 which you will file in 2019. We are currently doing 2017 tax returns.

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v