turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1040SR Standard Deduction

THE PROBLEM :

1) The IRS  Standard deduction chart for 1040SR  2019 / Married filing jointly ---  clearly states $ 27000 deduction if  BOTH or ONE of the spouses  are 65 years or older on or before Jan1 2020. 

2) Turbotax form has default value of $ 25,700 on line 9 , which cannot be corrected or changed when I clicked on Amend a filed return.

3)  Please note that Amended returns have to be sent by MAIL, do not efile.

If you sent return by efile  like I did  then you just wasted $24.99  and would have  to spend more  to send by standard mail.

I see similar recurring problems from previous years .   All suggestions appreciated Thank You

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

1040SR Standard Deduction

You misunderstood. You are mis-interpreting that chart.  Look again--how many "boxes" are checked for you and your spouse being born before  Jan 2, 1955?  One box or two boxes?  Or is one of you legally blind--if so, then two boxes would be checked.  If ONE of those boxes  is checked, your MFJ standard deduction is $25,700.    Each spouse who was 65 or older before Jan.1. 2020 gets the extra $1300 standard deduction.  if one of you was not 65 by the end of 2019, then the standard deduction you are seeing on line 9 is correct.

 

You do not need to amend for this.  In fact, amending is not a way to make corrections to a return that has not yet been filed.  Amending is a special process you only use for a return that has been fully processed with a mistake or missing information.

 

I clicked on “amend” by mistake

https://ttlc.intuit.com/questions/2552802-how-do-i-cancel-or-undo-an-amended-return-in-turbotax-onli...

 

 

If you did, in fact, e-file already, leave it alone.  You do not need to amend for the standard deduction.

**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.**

View solution in original post

1 Reply

1040SR Standard Deduction

You misunderstood. You are mis-interpreting that chart.  Look again--how many "boxes" are checked for you and your spouse being born before  Jan 2, 1955?  One box or two boxes?  Or is one of you legally blind--if so, then two boxes would be checked.  If ONE of those boxes  is checked, your MFJ standard deduction is $25,700.    Each spouse who was 65 or older before Jan.1. 2020 gets the extra $1300 standard deduction.  if one of you was not 65 by the end of 2019, then the standard deduction you are seeing on line 9 is correct.

 

You do not need to amend for this.  In fact, amending is not a way to make corrections to a return that has not yet been filed.  Amending is a special process you only use for a return that has been fully processed with a mistake or missing information.

 

I clicked on “amend” by mistake

https://ttlc.intuit.com/questions/2552802-how-do-i-cancel-or-undo-an-amended-return-in-turbotax-onli...

 

 

If you did, in fact, e-file already, leave it alone.  You do not need to amend for the standard deduction.

**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.**

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question