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New Member
posted Jan 26, 2022 9:16:47 AM

Don't older people get a bigger standard deduction

0 2 390
2 Replies
Level 15
Jan 26, 2022 9:24:18 AM

Those over age 65 get a larger standard deduction. The amount depends on filing status. TurboTax calculates that automatically. 

Level 15
Jan 26, 2022 9:28:45 AM

Standard deductions for 2021

  • Single - $12,550 add $1,700 if age 65 or older
  • Married Filing Separately - $12,550 add $1,350 if age 65 or older
  • Married Filing Jointly - $25,100 add $1,350 for each spouse age 65 or older
  • Head of Household - $18,800 add $1,700 if age 65 or older