turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

tyler9235
New Member

Why is standard deduction showing as 5,994.00 and not 12,400.00?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
JotikaT2
Employee Tax Expert

Why is standard deduction showing as 5,994.00 and not 12,400.00?

You may need to review your input in the program. 

 

It sounds like you may have selected to take the itemized deductions instead of using the higher of the standard deduction or itemized deduction.

 

Please see the following link for instructions on to have TurboTax optimize your deduction.

 

Switching between standard deduction and itemized deduction

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Why is standard deduction showing as 5,994.00 and not 12,400.00?

Are you a dependent on someone else's return?  The Standard Deduction for an individual for whom an exemption can be claimed on another person's tax return is limited to the greater of:

…..$1,100 or

…..Your earned income for the year + $350 (but not more than 12,400)

 

So you would get a minimum of $1,100.

 

See Publication 501 worksheet on page 25

http://www.irs.gov/pub/irs-pdf/p501.pdf

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies