I'm using TTAX Premier on Windows 10, Version [phone number removed]
It's showing $29,200 for the MFJ 2023 Standard Deduction instead of $27,700
My Schedule A shows $0 for itemized deductions on Line 17
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You are filing as Married Filing Jointly and one of you is age 65 or older so an additional $1,500 is added to your Standard Deduction.
Standard deductions for 2023
Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 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
Is one of you age 65 or older?
Not sure about his client, but I'm getting the $29,200 as well. Both TP and SP are under 65. This does not happen on every return. My sister also uses the software in her business, and she has the same issue. I've tried to change it, but it won't let me.
@Bks2089 wrote:
Not sure about his client, but I'm getting the $29,200 as well. Both TP and SP are under 65. This does not happen on every return. My sister also uses the software in her business, and she has the same issue. I've tried to change it, but it won't let me.
Check the dates of birth to make sure that they are correct for being under the age of 65. DOB format is MM/DD/YYYY
Thank you! I had the same question and began to panic as I had already filed my federal forms. But, yes, my husband turned 65 in 2023 so question answered!
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