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Personal Finance and Investing

A HERETIC I AM

(24,815 posts)

6. My apologies. My nomenclature is incorrect.

Reply to progree (Reply #4)

Sat Jan 19, 2019, 04:50 PM

Jan 2019

And I knew I might have had it wrong when I posted!

What I should have said is the Standard Deduction, which almost doubled for individuals.;

Standard Deduction Amounts. The standard deduction amounts will increase to $12,000 for individuals, $18,000 for heads of household, and $24,000 for married couples filing jointly and surviving spouses.

https://www.forbes.com/sites/kellyphillipserb/2018/03/07/new-irs-announces-2018-tax-rates-standard-deductions-exemption-amounts-and-more/#569d47ad3133

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I am going to start with my income tax return on TurboTax [View all] question everything Jan 2019 OP

Not deceased! Off to a good start! unblock Jan 2019 #1

I did the same thing. A HERETIC I AM Jan 2019 #2

"the increase in the personal deduction" -- what is that? progree Jan 2019 #4

My apologies. My nomenclature is incorrect. A HERETIC I AM Jan 2019 #6

Ok, so a single person had an increase in their standard deduction from $6,350 in 2017 to progree Jan 2019 #7

I don't get it -- do you file way early (to beat a scammer) and then file an amended return later? progree Jan 2019 #3

No, but if - a big if - an imposter will try to use TurboTax, at least on that site s/he will be question everything Jan 2019 #5

What happens if you mark "deceased"? IronLionZion Jan 2019 #8