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My 2018 form 1040 (prepared using TurboTax) shows a deduction on line 8 (the Standard / Itemized Deduction line) of $25,300. According to the 2018 IRS instructions, the Standard Deduction for "married filing jointly" was $24,000. Now, TurboTax 2019 is telling me that I used the Standard Deduction for 2018 (basis imported data). Further, when I review my 2018 return, I find no Schedule A, which is the Itemized Deduction schedule. Yet, my 2018 return was accepted by the IRS when I filed it last year. What's going on??
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You got the Standard Deduction. One of you was over 65. You get an extra 1,300 for each spouse 65 or older. 24,000+1,300=25,300
For 2018 the standard deduction amounts are:
Single 12,000 + 1,600 for 65 and over
HOH 18,000 + 1,600 for 65 and over
Joint 24,000 + 1,300 for each 65 and over
Married filing Separate 12,000 + 1,300 for 65 and over
For 2019 the standard deduction amounts are:
Single 12,200 + 1,650 for 65 and over or blind
HOH 18,350 + 1,650for 65 and over or blind
Joint 24,400+ 1,300 for each 65 and over or blind
Married filing Separate 12,200 + 1,300 for 65 and over or blind
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