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Deductions & credits
It sounds like you are unmarried and over age 65 so that is the correct amount.
$12,400 + $1,650 = $14,050
2020 standard deductions
$12,400 Single
$18,650 Head of Household
$24,800 Married Jointly
Add an additional $1,300 for over age 65 or blind
This amount increases to $1,650 if the taxpayer is also unmarried.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎January 30, 2021
2:04 PM