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    • Created with Sketch. In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
    Created with Sketch. In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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    Why does my Standard Deduction show $26,600.00 instead of $24,000.00

    bufeoallen
    Level 2
    ‎12-07-2019 03:38 AM

    I itemized deductions to see if they exceeded the standard deduction. They didn't. I chose Standard Deduction. The figure on that line indicates $26,600.00 instead of $24,000.00. Why?

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    1 Best Answer

    Accepted Solutions
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎12-07-2019 03:38 AM

    65 or older gets an additional $1300 per person added to the 24000.

    Does this sound like your situation?


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

    View solution in original post

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    6 Comments 6
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎12-07-2019 03:38 AM

    65 or older gets an additional $1300 per person added to the 24000.

    Does this sound like your situation?


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    0 Cheers
    bufeoallen
    Level 2
    ‎12-07-2019 03:38 AM
    Yes, and then some. lol
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    PhoebeRoberts
    Level 11
    Level 11
    ‎12-07-2019 03:38 AM

    Because you're old.

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    Just-Lisa-Now-
    Level 15
    Level 15
    ‎12-07-2019 03:38 AM
    :joy::joy:

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    0 Cheers
    bufeoallen
    Level 2
    ‎12-07-2019 03:38 AM
    Maybe too old. :joy::joy:
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    abctax55
    Level 15
    ‎12-07-2019 03:38 AM
    LOL....who says "we" have no sense of humor?
    "*******Tax software is no substitute for a professional tax preparer*******
    ( Generic Comment )"
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