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boysTX
New Member

Wrong 2024 standard deduction for filing single

When completing my 2024 taxes using TurboTax it is using $17,900 as the standard deduction for filing single. However, the 2024 standard deduction for single taxpayers is $14,600. I have no way to correct it in the software. I am younger than 60 and not legally blind.

 

The TurboTax help section for standard deductions even says $14,600.

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6 Replies

Wrong 2024 standard deduction for filing single

Are you 65 or older or legally blind?    Check the date of birth you entered in MY INFO.  Or.....did you enter enough itemized deductions to exceed your standard deduction?   Did you enter mortgage interest, property tax, medical expenses, charity donations...?

 

The standard deduction makes some of your income “tax free.”  It is not a refund.  You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.

 

 

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600    (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY            $14,600    (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)

 

**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.**

Wrong 2024 standard deduction for filing single

Check if you are getting Itemized Deductions on Schedule A instead of the Standard Deduction.   

boysTX
New Member

Wrong 2024 standard deduction for filing single

No, I'm younger than 65 and I am not legally blind. My itemized deductions were much less than standard deduction. Yes, my birthdate is correct.

 

The software is using $17,900 and not $14,600.

Wrong 2024 standard deduction for filing single

Where are you seeing 17,900?  The Standard Deduction is on 1040 line 12.  Could you be looking at the wrong line?  Or is a summary or review screen saying it?  

boysTX
New Member

Wrong 2024 standard deduction for filing single

Hi, it is showing on the Deductions & Credits screen.

 

2024 Deduction.png

boysTX
New Member

Wrong 2024 standard deduction for filing single

Thank you everyone for responding. I declared a disaster loss (in a federally declared disaster zone) while itemizing deductions. Although I claimed the standard deduction it still included the disaster loss and added it to the standard deduction.

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