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New Member
posted Feb 7, 2025 11:51:44 AM

married filing jointly both over 65yo should be 33,200 for the standard deduction. the program defaults to $32,300. how can i edit this?

0 2 3226
2 Replies
Level 15
Feb 7, 2025 11:56:00 AM

Standard deductions for 2024

Single - $14,600 add $1,850 if age 65 or older
Married Filing Separately - $14,600 add $1,550 if age 65 or older
Married Filing Jointly - $29,200 add $1,550 for each spouse age 65 or older
Head of Household - $21,900 add $1,950 if age 65 or older

 

Married Filing Jointly both age 65 or older - $32,300

Expert Alumni
Feb 7, 2025 11:56:41 AM

The number is correct. 

The standard deduction for taxpayers who do not itemize deductions on Form 1040, Schedule A, has increased. The standard deduction amounts for 2024 is:

$29,200 – Married Filing Jointly or Qualifying Surviving Spouse (increase of $1,500)

For 2024, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:

$1,550 for married taxpayers or Qualifying Surviving Spouse (increase of $50)