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Deductions & credits
You should have a rough idea if your itemized deductions will be more than the Standard Deduction. And some deductions like taxes paid and medical are limited. You should still enter all your deductions in case you can itemize on a state return.
For 2022 the standard deduction amounts are:
Single 12,950 + 1,750 for 65 and over or blind (14,700)
HOH 19,400 + 1,750 for 65 and over or blind (21,150)
Joint 25,900 + 1,400 for each 65 and over or blind (27,300/28,700)
Married filing Separate 12,950 + 1,400 for 65 and over or blind (14,350)
‎April 11, 2023
8:35 AM