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Deductions & credits
You receive the Standard Deduction automatically. If you enter itemized deduction then the program will give you greater of either the Standard or Itemized deduction.
Standard deductions for 2019
- Single - $12,200 add $1,650 if age 65 or older
- Married Filing Separately - $12,200 add $1,300 if age 65 or older
- Married Filing Jointly - $24,400 add $1,300 for each spouse age 65 or older
- Head of Household - $18,350 add $1,650 if age 65 or older
‎January 24, 2020
11:14 AM