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Retirement tax questions
You get an increase in the Standard Deduction if you don't itemize deductions. Make sure your birthday is right under My Info.
For 2021 the standard deduction amount on line 12a is:
Single 12,550 + 1,700 for 65 and over or blind (14,250)
HOH 18,800 + 1,700 for 65 and over or blind (20,500)
Joint 25,100 + 1,350 for each 65 and over or blind (26,450/27,800)
Married filing Separate 12,550 + 1,350 for 65 and over or blind (13,900)
‎January 29, 2022
8:07 PM