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Get your taxes done using TurboTax
Married Joint / both over 65 years:
$31,500 for FIling JOINT PLUS
$1,600 for each person at least 65 years old
So the Standard Deduction is $33,700 if you are both at least 65 years old.
On top of that, but not technically part of the Standard Deduction is the Senior Deduction of up to $6,000 for each person at least 65 years old. However, this amount is reduced by 6% (per person) for the part of AGI (line 11) that exceeds $150,000.
does that help?
2 weeks ago