ColeenD3
Expert Alumni

Retirement tax questions

The standard deduction for both spouses over age 65 is $27,400, not $32,000 for Federal purposes. You are confusing the limit for social security with the filing requirement for all income. Any amount, which includes half of their social security, over that amount will be taxable.

 

Married filing jointly, both spouses 65 or older

$27,400