Skip to main content
February 18, 2021
Question

Why is Tutbotax using $27,400 for the standard deduction for married filing jointly when the 1040 form shows it should be $24,800?

  • February 18, 2021
  • 1 reply
  • 0 views
No text available

1 reply

Employee
February 18, 2021

It goes by the date of birth entered in My Info--were you both 65 at the end of 2020?

 

2020 Standard Deduction Amounts

 

Single $12,400   (+ $1650 65 or older)

Married Filing Separate  $12,400   (+ $1300 if 65 or older)

Married Filing Jointly $24,800   (+ $1300 for each spouse 65 or older)

Head of Household $18,650  (+ $1650 for 65 or older)

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**