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New Member
posted Apr 15, 2024 7:09:42 PM

If Form 1040SR says standard deduction for 2 exemptions is 17550 why is this not available in this software.?

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1 Replies
Level 15
Apr 15, 2024 7:15:43 PM

Are you filing as Single, age 65 or older and Blind?  If so, did you indicate that you were blind in the My Info section of the program when entering your personal information?

A taxpayer who is Single, age 65 or older and legally Blind will have a Standard Deduction of $17,550

 

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $12,950 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older