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Returning Member
posted Feb 17, 2021 6:54:27 PM

Why is Tutbotax using $27,400 for the standard deduction for married filing jointly when the 1040 form shows it should be $24,800?

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1 Replies
Level 15
Feb 17, 2021 6:58:24 PM

It goes by the date of birth entered in My Info--were you both 65 at the end of 2020?

 

2020 Standard Deduction Amounts

 

Single $12,400   (+ $1650 65 or older)

Married Filing Separate  $12,400   (+ $1300 if 65 or older)

Married Filing Jointly $24,800 

  (+ $1300 for each spouse 65 or older)

Head of Household $18,650  (+ $1650 for 65 or older)