Turbotax Deluxe shows our std deduction as $26.6K, not $24K. Why? I can't find a form explaining the $26.6K. Itemized deductions are $10K. Married filing jointly, 65+
02674
1 Best answer
SherylSTaxExpert
Level 3
Jun 4, 2019 8:13:56 PM
If you are over the age of 65, the standard deduction is increased by an additional $1300 per person. Please see the attachment included.
2 Replies
SherylSTaxExpert
Level 3
Jun 4, 2019 8:13:56 PM
If you are over the age of 65, the standard deduction is increased by an additional $1300 per person. Please see the attachment included.
Mytwocents
Level 1
Jun 4, 2019 8:13:57 PM
Thanks, Just found the explanation on the Std. Deduction Worksheet, line 3b, but no calculations.