How much is a Standard deduction?

Forum|Forum|5 years ago
March 22, 2021
2 replies
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I can't waste money; if there's any hidden costs with ANYTHING having to do with this, please share?

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SweetieJean

Alumni - Champ

Here are the 2020 standard deductions amounts for each filing status:

Filing Status	Standard Deduction
Single	$12,400
Married Filing Jointly or Qualifying Widow(er)	$24,800
Married Filing Separately	$12,400
Head of Household	$18,650

There is an additional standard deduction of $1,300 for taxpayers who are over age 65 or blind. The amount of the additional standard deduction increases to $1,650 for taxpayers who are unmarried.

DavidD66

Level 15

TurboTax pricing is not set according to whether or not you itemize or take the standard deduction. For information and a comparison of the different versions of TurboTax, go to:

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