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February 20, 2023
Question

Why would I not qualify for the full deduction of $12,950 if my AGI is $12,994?

  • February 20, 2023
  • 1 reply
  • 0 views
I'm only allowed $12,468 - why?

1 reply

KrisD15
February 20, 2023

If you are filing Single or Married Filing Separate, your Standard Deduction is 12,950.

Did you choose "Itemized Deductions" rather "Standard Deductions"? 

 

What is listed on Line 12 on your 1040? 

 

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