Money Doc
Level 1
01-18-2021
04:08 PM
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Is the maximum deduction $600 on a joint return?
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IRonMaN
Level 15
01-18-2021
04:18 PM
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$300 is the max.
Slava Ukraini!
IRonMaN
Level 15
01-18-2021
04:43 PM
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No problem - I tend to blend in with the paneling 😁
Slava Ukraini!
Level 15
01-18-2021
06:21 PM
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Yep, the $600 for MFJ starts with the 2021 tax year.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TaxGuyBill
Level 15
01-18-2021
08:39 PM
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But the deduction starting in 2021 is a BELOW the line deduction.
Camp1040
Level 11
01-18-2021
08:52 PM
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Should benefit most, if allowed in addition to standard deduction. I have not read the particulars of the 2021 deduction.