I am doing a return for both my wife and myself and I am confused to see Her Personal Amount is $12,069.00 and mine comes out at $18,966.28.
I read the amount should be $12,069.00.
Can someone explain the difference please or how I can correct this is it is wrong?
This is not wrong. I don't know your net income to calculate the amount for you. But the personal amount includes the basic amount the age amount:
personal amount = basic amount ($12, 069) + age amount= 7,494 - 15% x (net income - $37,790) = $18,966
Your wife might not be eligible for the age amount for this year.
I hope this was helpful.
rclarkeCPACA
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TerryC2
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alb333
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