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February 17, 2020
Question

I'm having a problem finalizing my return.am I getting the standard deduction or am I itemizing?

  • February 17, 2020
  • 1 reply
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February 17, 2020

Go to How do I preview my TurboTax Online return before filing?

Look for the line Standard or Itemized Deduction line.  

The Standard deduction is $12,200 for single filers and married filers filing separately, $24,400 for married filers filing jointly and $18,350 for heads of household

January 17, 2021

when I go to my1040 it shows my standard deduction  as $27400. The max is 24800 ??????????????

DoninGA
Employee
January 17, 2021

@ronniewern wrote:

when I go to my1040 it shows my standard deduction  as $27400. The max is 24800 ??????????????


If you are filing as Married Filing Jointly and both of you are age 65 or older then the standard deduction is $27,400

 

Standard deductions for 2020

  • Single - $12,400 add $1,650 if age 65 or older
  • Married Filing Separately - $12,400 add $1,300 if age 65 or older
  • Married Filing Jointly - $24,800 add $1,300 for each spouse age 65 or older
  • Head of Household - $18,650 add $1,650 if age 65 or older