My standard deduction is $12,700. Itemized deductions on Schedule A total $4,530. Why does Form 1040 line 40 show $15,200?

dudleymcf · ‎June 6, 2019

xmasbaby0 · ‎June 6, 2019

If you and your spouse are 65 or older add $1250 for each of you to the standard deduction.

2017 Standard Deductions

Single $6350 (65 or older + $1550)

Married Filing Separately $6350 (65 or older + $1250)

Married Filing Jointly $12,700 (65 or older + $1250@)

Head of Household $9350 (65 or older + $1550)

**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.**

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xmasbaby0 · ‎June 6, 2019

If you and your spouse are 65 or older add $1250 for each of you to the standard deduction.

2017 Standard Deductions

Single $6350 (65 or older + $1550)

Married Filing Separately $6350 (65 or older + $1250)

Married Filing Jointly $12,700 (65 or older + $1250@)

Head of Household $9350 (65 or older + $1550)

**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.**

BobinCT · ‎June 6, 2019

MFJ should say 12700 plus 1250 times 2 if both are over 65 = 15200. I know that's what xmasbaby0 meant.

dudleymcf · ‎June 6, 2019

Thank you!

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My standard deduction is $12,700. Itemized deductions on Schedule A total $4,530. Why does Form 1040 line 40 show $15,200?