Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 7:52:24 AM

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

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

0 1 272
1 Best answer
Level 15
Jun 6, 2019 7:52:26 AM

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...

1 Replies
Level 15
Jun 6, 2019 7:52:26 AM

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...