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keilinalu
New Member

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

 
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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)

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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)

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