I used turbo tax for 5 years, nothing changed about our personal information. We always had exemption amount over $11,000 every year.
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Personal exemptions were eliminated by the new tax law. Now you have a higher standard deduction instead. Your standard deduction lowers the amount of income you are taxed on.
Your standard deduction lowers your taxable income. It is not a refund
2018 Standard Deductions:
Single $12,000 (+ $1600 65 or older)
Married Filing Separately $12,000 (+ $1300 65 or older)
Married Filing Jointly $24,000 (+ $1300 each spouse 65 or older)
Head of Household $18,000 (+ $1600 65 or older
Look at line 8 of your Form 1040 to see your standard or itemized deductions.
https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return
Personal exemptions were eliminated by the new tax law. Now you have a higher standard deduction instead. Your standard deduction lowers the amount of income you are taxed on.
Your standard deduction lowers your taxable income. It is not a refund
2018 Standard Deductions:
Single $12,000 (+ $1600 65 or older)
Married Filing Separately $12,000 (+ $1300 65 or older)
Married Filing Jointly $24,000 (+ $1300 each spouse 65 or older)
Head of Household $18,000 (+ $1600 65 or older
Look at line 8 of your Form 1040 to see your standard or itemized deductions.
https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return
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