- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
I went to the IRS site and a married filing jointly is 20800 and turbo tax is deducting 12700
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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.**
2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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.**
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
I went to the IRS site and a married filing jointly is 20800 and turbo tax is deducting 12700
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing">...>