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Turbo tax is telling me, my standard deduction is 6k and change. Isn't it supposed to be 12k this year?

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Turbo tax is telling me, my standard deduction is 6k and change. Isn't it supposed to be 12k this year?

No. The increased standard deduction amounts will be in effect 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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Turbo tax is telling me, my standard deduction is 6k and change. Isn't it supposed to be 12k this year?

No. The increased standard deduction amounts will be in effect 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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