Solved

Does the what-if for 2018 reflect the elderly credit

Forum|Forum|7 years ago
June 4, 2019
1 reply
0 views

I'm working with the What-if Worksheets provided on the 2017 TTax Premier desktop version on Win10. Upon clicking the Use 2018 Rates box, I see the standard deduction for MFJ change to 24,000 and the personal exemption disappear. But I don't see where the elderly credit of $1300 each (we're both over 65) shows up in reaching the taxable income figure. What am I missing? Thanks!

TurboTax Premier Windows

Best answer by SweetieJean

It is not a tax credit, but rather an increased Standard deduction. So, for MFJ, that would be $26,600.

Be sure your DOB's are correct in My Info.

S

SweetieJeanAnswer

Employee

It is not a tax credit, but rather an increased Standard deduction. So, for MFJ, that would be $26,600.

Be sure your DOB's are correct in My Info.

E

excheckerAuthor

OK. The mistake is mine. I'd missed line 39a where I specify how many additional deductions are entered. I thought it pulled it from the ages at the top (which, BTW, are correct). Thanks!