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Deductions & credits
Right. If the Standard Deduction is more than all your Itemized Deductions you get the Standard Deduction.
For 2019 the standard deduction amounts are:
Single 12,200 + 1,650 for 65 and over or blind
HOH 18,350 + 1,650 for 65 and over or blind
Joint 24,400+ 1,300 for each 65 and over or blind
Married filing Separate 12,200 + 1,300 for 65 and over or blind
March 29, 2020
11:55 AM
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