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The standard deduction makes some of your income “tax free.” It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.
2024 STANDARD DEDUCTION AMOUNTS
SINGLE $14,600 (65 or older/legally blind + $1950)
MARRIED FILING SEPARATELY $14,600 (65 or older/legally blind + $1550)
MARRIED FILING JOINTLY $29,200 (65 or older/legally blind + $1550)
HEAD OF HOUSEHOLD $21,900 (65 or older/legally blind + $1950)
PREVIEW 1040
Thank you for answering so quickly. I’ll have to double check but I don’t think it was added.
What number is it asking for? You don't enter the Standard Deduction or the $1,950 anywhere. It is automatically entered on your tax return unless you are taking Itemized deductions. If you are not getting the extra 1,950 for 65+ then go back and check your birthdates under My Info or Personal Info.
The Standard Deduction is on 1040 line 12. Before filing you can preview the 1040 or print the whole return. You have to pay any fees first before you can see all the forms, etc.
https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-f...
Thank you. I was really confused but when I double checked, it did include the $1950. I appreciate your help!
Thanks again. After double checking my return, the $1950 was included.
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