Hello,
I have a couple, no kids or credits, that should take the standard deduction. The software generates a standard deduction of $27,300 but all documents from IRS I have seen show the deduction should be $25,900
Any insight into the difference?
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Got the answer, thanks!
Got the answer, thanks!
You might wants to share the answer, in case someone else has the same problem and finds this thread.
Good point and thank you.
One taxpayer is over 65 therefore a different standard deduction table is used. The IRS uses a catch-all phrase about "most" taxpayers will see the normal standard deduction.
https://www.irs.gov/pub/irs-pdf/p501.pdf
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