So why are my age deductions so small?

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

So why are my age deductions so small?

Turbo Tax says my Federal Age Tax deduction is $1,680.80, and the Ontario deduction is $86.74. However, when I use the worksheets, downloaded from Revenue Canada, I get $5,138.83 Federally and $2,959.68. I moved into Canada in April and lived in the country 266 days or 72.77% of the year. So even on a pro rated basis for partial year residency, my numbers suggest that I should be getting $3,739.53 Federal and $2,153.76 Provincial. When this figures are used, my Federal Tax Income Tax is reduced by $308.81. And my Ontario Income Tax is reduced by $2,067.02. So why are these deductions so different?

2 Replies
Highlighted
Moderator

So why are my age deductions so small?

If you are still unable to resolve this issue, please contact our phone support as they will be better able to assist you (*Not available for TurboTax Free users*). https://turbotax.community.intuit.ca/replies/3152013
Highlighted
New Member

So why are my age deductions so small?

Useless. Go the form and it gives me "similar" questions none of which are relevant. No action on my part gets the all elusive "phone number" to appear. Guess I have to go to Magic School. Last time I'll use Turbo Tax. I'll buy from a company that provides REAL Customer Support!
v