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Level 1
posted Feb 14, 2023 1:23:58 PM

2022 On demand tax guidance is wrong for 2021 standardized deduction amount

I received a state refund 2021. 2022's TT asked if I took standardized deduction. I clicked on "I don't know what I did" TT 2022 Premier Desktop On demand tax guidance says standardized deduction for 2021 MFJ was $25,900. I compared it to my physical return from 2021, and line 12a on my return is $12,100. IRS website says it was $25,100. This TT 2022 error confused me and is going to confuse a lot more people.

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2 Replies
Level 15
Feb 14, 2023 1:32:47 PM

I think that's been reported.  Did you file Single or Joint?  Were you a dependent?  If you were a dependent your Standard Deduction could be less.  The Standard Deduction for Single was $12,550.  Or did you mean your line 12a is 25,100?  

For 2021 the standard deduction amounts are:

Single 12,550 + 1,700 for 65 and over or blind (14,250)

HOH 18,800 + 1,700 for 65 and over or blind

Joint 25,100 + 1,350 for each 65 and over or blind

Married filing Separate 12,550 + 1,350 for 65 and over or blind

Level 1
Feb 14, 2023 2:01:35 PM

I filed MFJ (married filing jointly) in 2021 and am going to do the same in 2022. TT's 2022 program asked if, because I got a refund from state, did I itemized or used the standard deduction in 2021. I clicked on the blue link "I don't know...", because I wasn't sure. The popup said 2021's standard deduction was $25,900; however, that's not correct. It should say $25,100.