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I thought the 2017 standard deduction for head of household is 18,000 but Turbo tax is only crediting 9,350...
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I thought the 2017 standard deduction for head of household is 18,000 but Turbo tax is only crediting 9,350...
The new standard deductions will be in effect for the 2018 tax return that you prepare 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)
**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 thought the 2017 standard deduction for head of household is 18,000 but Turbo tax is only crediting 9,350...
The new standard deductions will be in effect for the 2018 tax return that you prepare 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)
**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 thought the 2017 standard deduction for head of household is 18,000 but Turbo tax is only crediting 9,350...
Jeez you are quick and knowledgeable! Thanks for the clarification, very much appreciated!
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I thought the 2017 standard deduction for head of household is 18,000 but Turbo tax is only crediting 9,350...
You are welcome!
**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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