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I am filing married, filing jointly, but have been given '0' for exemptions. Why?

I am married, filing joint taxes, but the software refuses to give us 2 exemptions, as in the past. Why?

Best answer by WillK

The new tax law that took effect on 1/1/2018 took away the exemptions and increased the standard deductions.

Employee

Personal exemptions have been removed from the tax code. The standard deduction has been increased for all filing status'.
See this TurboTax support FAQ for the tax code changes - <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return">https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return</a>

WillKAnswer

Employee

The new tax law that took effect on 1/1/2018 took away the exemptions and increased the standard deductions.

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