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beachb70
New Member

Why isn't it subtracting my exemptions from line 42? $4050x2

 
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KenH1
New Member

Why isn't it subtracting my exemptions from line 42? $4050x2

On a joint return, the personal exemptions phase out at incomes over $311k (see below for detail).  The only other reason that would happen is that you selected that someone else can claim you (and the other person) as dependents.

https://ttlc.intuit.com/replies/3299967

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1 Reply
KenH1
New Member

Why isn't it subtracting my exemptions from line 42? $4050x2

On a joint return, the personal exemptions phase out at incomes over $311k (see below for detail).  The only other reason that would happen is that you selected that someone else can claim you (and the other person) as dependents.

https://ttlc.intuit.com/replies/3299967

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