3144981
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

andreagd4
New Member

Can anyone confirm the standard deduction for this year filing your 2023 taxes? I saw online it was upped to $14600 but, is that for the 2025 filing or this year?

This year is still showing at $13850 - which is correct?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Can anyone confirm the standard deduction for this year filing your 2023 taxes? I saw online it was upped to $14600 but, is that for the 2025 filing or this year?

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 2023 Form 1040.

 

 

 

 

2023 STANDARD DEDUCTION AMOUNTS

 

SINGLE $13,850  (65 or older/legally blind + $1850)

 

MARRIED FILING SEPARATELY $13,850  (65 or older/legally blind + $1500)

 

MARRIED FILING JOINTLY $27,700  (65+/legally blind) )  + $1500 per spouse

 

HEAD OF HOUSEHOLD  $20,800 (65 or older/blind)  + $1850)

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
KrisD15
Expert Alumni

Can anyone confirm the standard deduction for this year filing your 2023 taxes? I saw online it was upped to $14600 but, is that for the 2025 filing or this year?

13,850 for Single and/or Married Filing Separately for Tax Year 2023. 

Yes, next year for Tax Year 2024 it will be 14,600. 

 

 

 

Standard Deductions Tax Year 2023

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question