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June 6, 2019
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Should my turbo tax be showing a personal exemption of $12,700? I am filing a married, joint return. I would have thought that it would be showing $24,0000.Is this right?

  • June 6, 2019
  • 1 reply
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I would have thought with the new Jobs Act that it would reflect the change? 

Best answer by ghost

The new law for increased standard deduction is for tax year 2018. This tax year 2017, $12,700 is correct for married jointly filing status.

1 reply

ghost
ghostAnswer
Employee
June 6, 2019

The new law for increased standard deduction is for tax year 2018. This tax year 2017, $12,700 is correct for married jointly filing status.