@4Gayle wrote:
Do we no longer check a box for each individual and then another box for each one of age 65+, making 4 checked boxes for MFJ couple, both 65+? That would be a standard deduction of 30,000, not 27,400.
There is no box to check. It is automatic based on the date of birth entered in the personal information.
$27,400 is correct for filing joint and both over 65.
$30,000 if both over 65 and both also legally blind.
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.**
