MFJ Standard Deduction Incorrectly Using TY2021 Value

[wmiller645]

We have MFJ clients who are just above the standard deduction (example: $24,950) for TY2020 but ProSeries is still auto-filling the standard deduction until the itemized deductions go above $25,100 (the standard deductions for TY2021). Is this a known issue?

Just wanted people to be aware. It only fits a few small population, but still an error.

[wmiller645]

As a follow-up, the program will also allow you to take the $300 charitable contribution deduction if the clients are in this range.

[wmiller645]

Never mind. I understand why now. you will get a bigger deduction if you take the standard deduction and then the $300 charitable credit deduction. Sorry it's been a long season already...

[IRonMaN]

"Sorry it's been a long season already..."

But it's all downhill from here 🙃

[wmiller645]

Downhill....in a dumpster....that's on fire.....heading for a pool of gasoline.