topic Re: Standard deductions in Get your taxes done using TurboTax

Standard deductions

pcfmoore — Wed, 02 Apr 2025 19:46:23 GMT

Is there a different standard deduction for over 65?

Re: Standard deductions

xmasbaby0 — Wed, 02 Apr 2025 19:48:33 GMT

If you are 65 or older there is an amount added to the standard deduction.

The standard deduction makes some of your income “tax free.” It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600 (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY $14,600 (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200 (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900 (65 or older/legally blind + $1950)

Re: Standard deductions

MayaD — Wed, 02 Apr 2025 19:51:01 GMT

Yes. For 2024, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: $1,950 for Single or Head of Household (increase of $100) $1,550 for married taxpayers or Qualifying Surviving Spouse (increase of $50)