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Level 2
posted Jan 14, 2022 2:51:37 PM

Why is Form 1040 Line 12a 26,450? It should be the standard deduction 25,100 (my itemized deductions are much less). Also Line 12b is blank but should be 600.

This appears to be a software bug.

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1 Best answer
Level 15
Jan 14, 2022 3:00:17 PM

Ok ... the standard deduction is $25100 + 1350 if one of you is 65 or older.

 

And the charitable  deduction is not functional yet... try again next week.

 

 

1 Replies
Level 15
Jan 14, 2022 3:00:17 PM

Ok ... the standard deduction is $25100 + 1350 if one of you is 65 or older.

 

And the charitable  deduction is not functional yet... try again next week.