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Get your taxes done using TurboTax
You are filing as Married Filing Jointly and one of you is age 65 or older so an additional $1,500 is added to your Standard Deduction.
Standard deductions for 2023
Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older
‎January 6, 2024
9:13 AM