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elliep
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Last year on our 1040EZ we had a married filing jointly credit of $20,600 is that included this year?

 
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Last year on our 1040EZ we had a married filing jointly credit of $20,600 is that included this year?

$20,600 is not a credit. It is the sum of the standard deduction for married filing jointly and one personal exemption for each spouse for a total of two. It is subtracted from your adjusted gross income to determine your taxable income. You would receive the same type of deduction for 2016. It totals $12,700 for 2016.

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Last year on our 1040EZ we had a married filing jointly credit of $20,600 is that included this year?

$20,600 is not a credit. It is the sum of the standard deduction for married filing jointly and one personal exemption for each spouse for a total of two. It is subtracted from your adjusted gross income to determine your taxable income. You would receive the same type of deduction for 2016. It totals $12,700 for 2016.

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