My reading of the current tax law is that an individual is entitled to an above the line deduction of $300 deduction and a married couple is entitled to a $600 above the line deduction yet when I put the $600 in the software rejects it. Who is right?
Bob
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The law for 2020 says $300, even for joint returns.
The law for 2021 says $300 for Single and $600 for Joint.
Current law, for 2021, that is true. For 2020, the max is $300.
Your reading is correct since it is 2021 and the current tax law for 2021 is $600. However, the software is dealing with old tax law which was $300. Congratulations - you are both correct!
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