- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
When you enter your date of birth in the My Info section of the program and are age 65 or older, you will automatically receive an increase in the Standard Deduction for your filing status on the Form 1040 Line 12.
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
March 15, 2024
9:19 AM