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ras208
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Where does exemption amount from tax histroy flow from I have nothing for 2018 but all other years I do?

 
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‎June 6, 2019 12:13 AM
last updated ‎June 06, 2019 12:13 AM
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IreneS
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Where does exemption amount from tax histroy flow from I have nothing for 2018 but all other years I do?

UPDATED FOR TAX YEAR 2019

 

Under the new tax laws, the personal exemption has been eliminated for tax years 2018-2025.  To make up for this the standard deduction in 2019 is $12,200 if you're filing single and $24,400 if married filing jointly.

 

[Edited | 4/6/2020 |  11:53am PDT]

 

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‎June 6, 2019 12:13 AM
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IreneS
Intuit Alumni

Where does exemption amount from tax histroy flow from I have nothing for 2018 but all other years I do?

UPDATED FOR TAX YEAR 2019

 

Under the new tax laws, the personal exemption has been eliminated for tax years 2018-2025.  To make up for this the standard deduction in 2019 is $12,200 if you're filing single and $24,400 if married filing jointly.

 

[Edited | 4/6/2020 |  11:53am PDT]

 

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