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m-o-111
New Member

Why is turbo tax putting in 11,913 for my filing single standard deduction instead of 12,400

 
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3 Replies

Why is turbo tax putting in 11,913 for my filing single standard deduction instead of 12,400

Are you under the age of 24 with a large amount of unearned income (like investments or unemployment compensation)?  That changes your standard deduction.  

MinhT1
Expert Alumni

Why is turbo tax putting in 11,913 for my filing single standard deduction instead of 12,400

This happens when you are a dependent of someone else.

 

Your standard deduction is equal to your earned income plus $350.

 

Please read this IRS document for more information.

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m-o-1111
New Member

Why is turbo tax putting in 11,913 for my filing single standard deduction instead of 12,400

This is it. Thanks for your quick reply.

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