3435898
You'll need to sign in or create an account to connect with an expert.
In TurboTax, you do not need to input your standard deduction.
If you do not enter itemized deductions or if the total itemized deductions is less than the standard deduction, TurboTax will automatically use the standard deduction.
For tax year 2024, standard deductions are:
The additional standard deduction for a blind taxpayer—i.e. a taxpayer whose vision is less than 20/200— and for a taxpayer who is age 65 or older at the end of the year is for each instance:
The software automatically uses your standard deduction unless you enter enough itemized deductions to exceed your standard deduction. You do not have to do anything to make the software use standard deduction.
It sounds like you are using a 1040SR which indicates you are 65 or older so you have a higher standard deduction based on the date of birth you entered in MY INFO. The software will automatically use that amount.
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)
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lisaplunkett1128
New Member
starkyfubbs
Level 4
JFlint77
New Member
Davidv92
New Member
cmallari
New Member