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Standard deduction question

JML222
Level 4

Hello,

I have a couple, no kids or credits, that should take the standard deduction. The software generates a standard deduction of $27,300 but all documents from IRS I have seen show the deduction should be $25,900

Any insight into the difference?

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JML222
Level 4

Got the answer, thanks!

View solution in original post

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3 Comments 3
JML222
Level 4

Got the answer, thanks!

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Just-Lisa-Now-
Level 15
Level 15

You might wants to share the answer, in case someone else has the same problem and finds this thread.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
JML222
Level 4

Good point and thank you.

One taxpayer is over 65 therefore a different standard deduction table is used. The IRS uses a catch-all phrase about "most" taxpayers will see the normal standard deduction.

https://www.irs.gov/pub/irs-pdf/p501.pdf