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Deductions & credits
You won’t see a change until all your deductions are more than the Standard Deduction. Turbo Tax starts off by giving you the Standard Deduction.
For 2024 the standard deduction amounts are:
Single 14,600+1,950 for 65 and over or blind
HOH 21,900 + 1,950 for 65 and over or blind
Joint 29,200 + 1,550 for each 65 and over or blind (both 32,300)
Married filing Separate 14,600 + 1,550 for 65 and over or blind
April 18, 2025
7:39 PM