Does the new standard deduction of $24,000.00 for married couples filing jointly apply for filing 2017 income tax?

molly307 · ‎June 3, 2019

xmasbaby0 · ‎June 3, 2019

No. That will be in effect for your 2018 tax return when you prepare it next year 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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xmasbaby0 · ‎June 3, 2019

No. That will be in effect for your 2018 tax return when you prepare it next year 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.**

SweetieJean · ‎June 3, 2019

No. It starts with the 2018 tax year returns filed in early 2019.

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Does the new standard deduction of $24,000.00 for married couples filing jointly apply for filing 2017 income tax?