Have long term capital loss that i'm working off. can i include this along with the standard $27000 deduction

[fjbeau]

have long term capital loss.  can i use this loss and take the $27000  standard deduction

[Hal_Al]

Yes, the capital loss is in addition to your standard deduction.

You capital loss carry forward goes on Schedule D (lines 6 and/or line 14).  There it combines with any gains or losses for this year. The net gain or loss goes on line 7 of form 1040. But, a net loss is limited to $3000.  Any excess carries to next year. 

[Bsch4477]

Yes. The loss will be deducted from your income to a maximum of $3,000 after netting out any capital losses. 

[ToddL99]

@HalAl and @Bsch4477 were correct in how your long-term capital loss is treated. If your capital loss carry-over didn't transfer from your 2019 tax file, see How do I enter my capital loss carryover? for instructions.

Also, the largest standard deduction for 2020 is $24,800 (Married Filing Jointly or Qualifying Widow(er). There is an additional standard deduction of $1,300 for taxpayers who are over age 65 or blind. The amount of the additional standard deduction increases to $1,650 for taxpayers who are unmarried.