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Level 1
January 30, 2023
Question

Is the additional $1400 standard deduction for over 65 built in the softward or must I add it manually ?

  • January 30, 2023
  • 2 replies
  • 12 views
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2 replies

Level 8
January 30, 2023

Yes, the software will consider the date of birth you entered and will give you the proper deduction. 

VolvoGirl
Level 15
January 30, 2023

Yes Turbo Tax adds it automatically.  Double check your birthdates under My Info.

 

For 2022 the standard deduction amounts are:

Single 12,950 + 1,750 for 65 and over or blind (14,700)

HOH 19,400 + 1,750 for 65 and over or blind (21,150)

Joint 25,900 + 1,400 for each 65 and over or blind (27,300/28,700)

Married filing Separate 12,950 + 1,400 for 65 and over or blind (14,350)