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Deductions & credits
All you do is enter your correct birthdates and it automatically computes your standard deduction.
This deduction is not exclusive to AARP. It is a federal deduction based on the Income Tax Law. The standard deduction for 2020 is $12,400 for singles and $24,800 for married joint filers. There is also an “additional standard deduction,” for older taxpayers and those who are blind. A married filer who is blind or aged 65 and over can claim $1,300 for themselves.
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February 19, 2021
11:07 AM