dggehring
New Member

Where is the adjustment for people born before Jan. 2, 1953? I see the check box for indicating it, but do not see any adjustment to the taxable income.

This is for 2017 taxes.

Retirement tax questions

Adjustment for what exactly?

Retirement tax questions

The standard deduction is increased depending on your filing status if you are age 65 or older.

Standard deductions for 2017 

  • Single - $6,350 add $1,550 if age 65 or older
  • Married Filing Separately - $6,350 add $1,250 if age 65 or older
  • Married Filing Jointly - $12,700 add $1,250 for each spouse age 65 or older
  • Head of Household - $9,350 add $1,550 if age 65 or older

Retirement tax questions

comment deleted

Retirement tax questions

Uhhh...No, it is for a 2017 tax return.  See - <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f1040.pdf">https://www.irs.gov/pub/irs-pdf/f1040.pdf</a>

Retirement tax questions

You are correct. I have deleted my comment.
Hal_Al
Level 15

Retirement tax questions

It's on line 40 of form 1040 (or line 24  0f 1040A).
Instead of a $6350 standard deduction, you get $7900; a $1550 adjustment.
The numbers will be different if your filing status is Married Filing Jointly