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Retirement tax questions
You don't need to tell it you are over 65 for Social Security. That doesn't affect your SS taxable amount. The only thing you get for being 65 and older is an increased Standard Deduction.
For 2019 the standard deduction amounts are:
Single 12,200 + 1,650 for 65 and over or blind
HOH 18,350 + 1,650 for 65 and over or blind
Joint 24,400+ 1,300 for each 65 and over or blind
Married filing Separate 12,200 + 1,300 for 65 and over or blind
What do you think you need?
March 24, 2020
7:38 PM