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

 
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TomK
Expert Alumni

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. 

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2 Replies
TomK
Expert Alumni

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 11

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.

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