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Turbo Tax Std deduction is showing up as 12,850. IRS Amount is saying 12,550 for 2021? Why is Turbo Tax higher?

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Turbo Tax Std deduction is showing up as 12,850. IRS Amount is saying 12,550 for 2021? Why is Turbo Tax higher?

Look again at the form 1040 lines 12a, 12b & 12c.

Standard deduction 12A 12550 + charity deduction 300 allowed 12b = 12C

Turbo Tax Std deduction is showing up as 12,850. IRS Amount is saying 12,550 for 2021? Why is Turbo Tax higher?

If you are Single You can take a $300 deduction for charity in addition to the Standard Deduction on line 12b.

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