Money Doc
Level 1
01-18-2021
04:08 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Is the maximum deduction $600 on a joint return?
Labels
This discussion has been locked. No new contributions can be made. You may start a new discussion here
6 Comments 6
IRonMaN
Level 15
01-18-2021
04:18 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
$300 is the max.
Slava Ukraini!
Camp1040
Level 11
01-18-2021
04:38 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
No, $300 for MFJ, supposed to change in 2021 to $300 per taxpayer, I think, maybe.
Sorry @IRonMaN did not see your reply.
IRonMaN
Level 15
01-18-2021
04:43 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
No problem - I tend to blend in with the paneling 😁
Slava Ukraini!
Just-Lisa-Now-
Level 15
01-18-2021
06:21 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yep, the $600 for MFJ starts with the 2021 tax year.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TaxGuyBill
Level 15
01-18-2021
08:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
But the deduction starting in 2021 is a BELOW the line deduction.
Camp1040
Level 11
01-18-2021
08:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Should benefit most, if allowed in addition to standard deduction. I have not read the particulars of the 2021 deduction.