Standard Deduction coming up wrong

2 replies
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Filling out Turbo Tax Premier 2020. Filing as Single and it says I'm getting the "Standard Deduction" It shows up on line 12 of the 1040 form as $1,100 not $12,400. Is this a bug?

xmasbaby0

Level 15

Are you being claimed as someone else's dependent?

The standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,100 or the sum of $350 and the individual’s earned income (not to exceed the regular standard deduction amount).

**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.**

Datacom1474Author

Level 2

Yes, this seems like the issue. If you check the box that someone CAN claim you as a dependent it doesn't make a difference which sub-box gets selected (they will claim or they wont claim).

thanks for the feedback