I just filed my taxes as single and was given a standard deduction of $6,350. I was told that under new tax law it should be $12,000. Is Turbo Tax not up to date?

mcs9sobe · ‎June 4, 2019

2017 W-2 Form

xmasbaby0 · ‎June 4, 2019

The new standard deduction will be in effect when you prepare your 2018 tax return 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 4, 2019

The new standard deduction will be in effect when you prepare your 2018 tax return 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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I just filed my taxes as single and was given a standard deduction of $6,350. I was told that under new tax law it should be $12,000. Is Turbo Tax not up to date?