Solved: I went to the IRS site and a married filing jointly is 20800 and turbo tax is deducting 12700
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I went to the IRS site and a married filing jointly is 20800 and turbo tax is deducting 12700

 
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Level 15

I went to the IRS site and a married filing jointly is 20800 and turbo tax is deducting 12700

You misunderstood.  The married filing jointly standard deduction is $12,700.  Each spouse also gets a $4050 personal exemption.  

$12,700 + $4050 + $4050 = $20,800  You will get that using TurboTax.  Those amounts lower the amount of income you are taxed on.

**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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Level 15

I went to the IRS site and a married filing jointly is 20800 and turbo tax is deducting 12700

You misunderstood.  The married filing jointly standard deduction is $12,700.  Each spouse also gets a $4050 personal exemption.  

$12,700 + $4050 + $4050 = $20,800  You will get that using TurboTax.  Those amounts lower the amount of income you are taxed on.

**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.**

View solution in original post

Level 15

I went to the IRS site and a married filing jointly is 20800 and turbo tax is deducting 12700

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