If the new standard deduction is 24000 why is mine only 12700?

kmcg2- · ‎June 6, 2019

i made 18000 less this year but i am getting more than a 1000 less than last year. why?

xmasbaby0 · ‎June 6, 2019

The standard deductions change next year when you file your 2018 tax return in 2019.

2017 Standard Deductions

Single $6350 (65 or older + $1550)

Married Filing Separately $6350 (65 or older + $1250)

Married Filing Jointly $12,700 (65 or older + $1250@)

Head of Household $9350 (65 or older + $1550)

https://turbotax.intuit.com/tax-tips/irs-tax-return/2017-tax-reform-legislation-what-you-should-know...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0 · ‎June 6, 2019