msloanwarnersp
New Member

Should I take the standard deduction rather than itemize if I am over 65, and have no mortgage

 
CarolynM
Level 1

Deductions & credits

Yes, unless you have significant medical bills or charity donations, you are better to file using the increased standard deduction for taxpayers over 65. 

The standard deduction for a single taxpayer over 65 is $13,600 in 2018. 

View solution in original post