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antmic
New Member

How do I know if a standard deduction is being applied?

 
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1 Reply
LinaJ2018
Intuit Alumni

How do I know if a standard deduction is being applied?

You can check under "Tax Summary".  Here are the steps:

  • Sign in to your account, select Take me to my return
  • To your left panel, select Tax Tools, click on the drop-down arrow
  • Select Tools
  • Under Other helpful links, choose View Tax Summary
  • To your left, select Preview my 1040, scroll down to line 8 on the Form 1040 to check the amount.

The TCJA almost doubled the standard deduction  amounts. The  2018 standard deductions  are: 

* $12,000 if you are single or use married filing separate status (up from $6,350 for 2017). 

* $24,000 if you are a married joint-filer (up from $12,700).



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