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Deductions & credits
If you are age 65 or older then you will receive an increase in the Standard Deduction for your filing status.
Standard deductions for 2023
Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older
‎October 9, 2024
2:07 PM