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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.
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.
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