topic What is the standard federal deduction for 2023..married filing jointly, over 65?? It was $28,700 in 2023.? Thanks in Get your taxes done using TurboTax

What is the standard federal deduction for 2023..married filing jointly, over 65?? It was $28,700 in 2023.? Thanks

bbult — Mon, 23 Feb 2026 13:13:23 GMT

Re: What is the standard federal deduction for 2023..married filing jointly, over 65?? It was $28...

MinhT1 — Mon, 06 Feb 2023 16:21:14 GMT

Please read this IRS document for the tax inflation adjustments for tax year 2023, including the standard deductions.

Re: What is the standard federal deduction for 2023..married filing jointly, over 65?? It was $28,700 in 2023.? Thanks

xmasbaby0 — Mon, 06 Feb 2023 16:21:49 GMT

No one is preparing a 2023 tax return yet. That will happen next year. Right now you are preparing a 2022 tax return for the tax year that just ended.

Your standard deduction lowers your taxable income. It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2022 Form 1040.

2022 STANDARD DEDUCTION AMOUNTS

SINGLE $12,950 (65 or older + $1750)

MARRIED FILING SEPARATELY $12,950 (65 or older + $1750)

MARRIED FILING JOINTLY $25,900 (65 or older + $1400 per spouse)

HEAD OF HOUSEHOLD $19,400 (65 or older +$1750)

Legally Blind + $1750

Re: What is the standard federal deduction for 2023..married filing jointly, over 65?? It was $28,700 in 2023.? Thanks

Mike9241 — Mon, 06 Feb 2023 17:30:56 GMT

Standard deduction 2022
Married filing joint or qualifying surviving spouse both over 65 $28,700

Re: What is the standard federal deduction for 2023..married filing jointly, over 65?? It was $28,700 in 2023.? Thanks

bbult — Mon, 06 Feb 2023 18:20:29 GMT

Want 2023 standard deduction for joint over 65...NOT 2022

Re: What is the standard federal deduction for 2023..married filing jointly, over 65?? It was $28,700 in 2023.? Thanks

DoninGA — Mon, 06 Feb 2023 18:28:15 GMT

@bbult wrote:

Want 2023 standard deduction for joint over 65...NOT 2022

You are completing a tax year 2022 tax return. Tax year 2023 does not end until after 12/31/2023 and you file the 2023 tax return during calendar year 2024

Standard deductions for 2022

Single - $12,950 add $1,750 if age 65 or older
Married Filing Separately - $12,950 add $1,400 if age 65 or older
Married Filing Jointly - $25,900 add $1,400 for each spouse age 65 or older
Head of Household - $19,400 add $1,750 if age 65 or older

Re: What is the standard federal deduction for 2023..married filing jointly, over 65?? It was $28,700 in 2023.? Thanks

bbult — Mon, 06 Feb 2023 21:04:20 GMT

Everyone needs to ESTIMATE WITHHOLDING FOR 2023 hence the Standard Deductions for 2023 are needed now

Re: What is the standard federal deduction for 2023..married filing jointly, over 65?? It was $28,700 in 2023.? Thanks

xmasbaby0 — Mon, 06 Feb 2023 21:07:33 GMT

https://www.experian.com/blogs/ask-experian/what-is-standard-deduction/#:~:text=As%20a%20single%20taxpayer%2C%20your,if%20you%20itemize%20your%20deductions.