Question

Standard Deduction

Forum|Forum|4 years ago
February 2, 2022
1 reply
0 views

I am confused and need help. Preparing my 2021 taxes and after entering deductions, the application advises me that I am getting the standard deduction of $27,800 but then a few screens later, it advises me (congratulates me) that I am getting the standard deduction of $28,400. Which one is correct and why am I seeing two different amounts for the standard deduction? Please advise. Thanking you in advance.

M

MinhT1

Both amounts may be correct but they are for different things.

If you are filing jointly and you are both over 65, the standard deduction is $27,800 ($25,100 plus $1,350 each for being over 65).

When you take the standard deduction, you are allowed a separate deduction of up to $600 for cash donations. Which when added to the standard deduction of $27,800 gives $28,400.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

T

tbs528Author

Thanks for the response. That makes sense but when the return is complete and summarized financials are illustrated, the deduction amount is only for $27,800 and not for the $28,400.