@Patrick103 wrote:
The AARP bulletin indicates that the standard deduction for joint filers both over 65 is now $32,300. This includes the new amount for your 2024 return of 29,200 plus 3100 if both are over age 65 (1550 for each filer).
Is TurboTax on board with this or is airport printing incorrect information?
That is for tax year 2024 that is filed next year in 2025. Tax year 2023 is the year being reported now.
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
