Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
keilinalu
New Member

Why is the federal exemption $10,350 instead of $14,000? $6350 for standard deduction and $4050 for personal exemption

 
1 Best answer

Accepted Solutions
ChristinaS
New Member

Why is the federal exemption $10,350 instead of $14,000? $6350 for standard deduction and $4050 for personal exemption

The standard deduction is $6,300 for Single and Married Separately in 2016, not $6,350. $6,350 is next year (2017)

View solution in original post

3 Replies
ChristinaS
New Member

Why is the federal exemption $10,350 instead of $14,000? $6350 for standard deduction and $4050 for personal exemption

Where are you getting $14,000 from?
keilinalu
New Member

Why is the federal exemption $10,350 instead of $14,000? $6350 for standard deduction and $4050 for personal exemption

Sorry $10,400
ChristinaS
New Member

Why is the federal exemption $10,350 instead of $14,000? $6350 for standard deduction and $4050 for personal exemption

The standard deduction is $6,300 for Single and Married Separately in 2016, not $6,350. $6,350 is next year (2017)

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~