topic Why doesn’t Turbo Tax use the $1950 standard deduction for a single senior age 68? They are using $1650. in Deductions & credits

Why doesn’t Turbo Tax use the $1950 standard deduction for a single senior age 68? They are using $1650.

LexiCodyMartin — Wed, 28 Jan 2026 06:44:34 GMT

What is the standard deduction for single senior age 68?

Re: Why doesn’t Turbo Tax use the $1950 standard deduction for a single senior age 68? They are u...

RobertB4444 — Mon, 27 Jan 2025 23:54:36 GMT

The standard deduction for 2024 for those over 65 and single is $14,600 plus $1950 for a total of $16,550.

@LexiCodyMartin

Re: Why doesn’t Turbo Tax use the $1950 standard deduction for a single senior age 68? They are using $1650.

xmasbaby0 — Mon, 27 Jan 2025 23:57:58 GMT

Your standard deduction lowers your taxable income. 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)

If you are filing Single and are 65 or older, add $14,600 + $1950 = $16,550