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New Member
posted Jul 15, 2019 4:23:05 AM

How was line 8 ($13,600) on federal tax return calculated?

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1 Replies
Level 15
Jul 15, 2019 5:36:14 AM

Line 8 is your standard deduction.  If you are single and 65 or older that is your standard deduction.

 

2018 Standard Deductions:

Single   $12,000  (+ $1600 65 or older)

Married Filing Separately    $12,000  (+ $1300 65 or older)

Married Filing Jointly  $24,000  (+ $1300 each spouse 65 or older)

Head of Household  $18,000  (+ $1600 65 or older)

Look at line 8 of your Form 1040 to see your standard or itemized deductions.