turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

How much in deductions and credits do i need for the deluxe option to benefit me since it is charging money?

how do i know if spending the money for the deluxe version will get me more on my refund?

Connect with an expert
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.

2 Replies
JustinW
Intuit Alumni

How much in deductions and credits do i need for the deluxe option to benefit me since it is charging money?

Could you please tell me your filing status (Single, Married, Head of Household, Married-Filing-Jointly)?
JustinW
Intuit Alumni

How much in deductions and credits do i need for the deluxe option to benefit me since it is charging money?

If your itemized deductions exceed your standard deduction, then Deluxe would help you get more back on your refund.  You can find your itemized deductions below: 

Single or Married Filed Separately:

Your standard deduction starts at $6,350.

  • Add $1,550 if you were born before January 2, 1953.
  • Add $1,550 if you were blind as of December 31, 2017.

Example: Single filer Joe, who was born in 1972 and has been blind since birth, has a standard deduction of $6,350 + $1,550 = $7,900.

Married Filing Jointly or Qualified Widow(er)

Your standard deduction starts at $12,700.

  • Add $1,250 if you were born before January 2, 1953.
  • Add $1,250 if your jointly-filing spouse was born before January 2, 1953.
  • Add $1,250 if you were blind as of December 31, 2017.
  • Add $1,250 if your jointly-filing spouse was blind as of December 31, 2017.

Example: Joint filers Pat and Tracy, who were both born in 1941 and are not blind, have a standard deduction of $12,700 + $1,250 + $1,250 = $15,200.

Head of Household

Your standard deduction starts at $9,350.

  • Add $1,550 if you were born before January 2, 1953.
  • Add $1,550 if you were blind as of December 31, 2017.

Example: Head of Household filer Mary, who was born in 1963 and is not blind, has a standard deduction of $9,350.


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies