Hi, I'm in the 2023 deluxe edition and the deduction that im getting is $29,200 for married filing jointly...shouldn't it be $27,200 for 2023.....

[xmasbaby0]

Is one of you  either 65 or older or legally blind?

Your standard deduction lowers your taxable income. The standard deduction makes some of your income “tax free.”  It is not a refund.  You will see your standard or itemized deduction amount on line 12 of your 2023 Form 1040.

2023 STANDARD DEDUCTION AMOUNTS

SINGLE $13,850  (65 or older/legally blind + $1850)

MARRIED FILING SEPARATELY $13,850  (65 or older/legally blind + $1500)

MARRIED FILING JOINTLY $27,700  (65+/legally blind) )  + $1500 per spouse

HEAD OF HOUSEHOLD  $20,800 (65 or older/blind)  + $1850)

[Mike9241]

the standard deduction for MFJ is 27,700 for 2023 + 1500 if either is over 65 + 1500 if either is blind, double those amounts if both taxpayers meet the criteria.