What do you put for excludable income?

alissabell69-yah · ‎January 31, 2023

xmasbaby0 · ‎January 31, 2023

What "excludable income" are you referring to? What income do you have that you think is excludable?

Everyone gets a standard deduction that excludes some income from being taxed. Is that what you mean?

Your standard deduction lowers your taxable income. It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2022 Form 1040.

2022 STANDARD DEDUCTION AMOUNTS

SINGLE $12,950 (65 or older + $1750)

MARRIED FILING SEPARATELY $12,950 (65 or older + $1750)

MARRIED FILING JOINTLY $25,900 (65 or older + $1400 per spouse)

HEAD OF HOUSEHOLD $19,400 (65 or older +$1750)

Legally Blind + $1750

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

DawnC · ‎January 31, 2023

What part of TurboTax are you in? Or what are you trying to enter, which section?

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What do you put for excludable income?