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Level 1
December 7, 2019
Solved

Why did the Calculation not add the exemption per tax payer and spouse to Line 8 on Form 1040. It recorded $24,000. instead of $26,600.

  • December 7, 2019
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Best answer by TaxGuyBill

If both taxpayers were under age 65 on December 31st, $24,000 is correct for the Standard Deduction.

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Level 15
December 7, 2019

If both taxpayers were under age 65 on December 31st, $24,000 is correct for the Standard Deduction.