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ddjenn
New Member

How do I get my tax break (higher deduction) for turning 65

 
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4 Replies

How do I get my tax break (higher deduction) for turning 65

the only additional tax break you get is a larger standard deduction. if you don't itemize. Turbotax will automatically compute this based on the date of birth you entered. 

How do I get my tax break (higher deduction) for turning 65

For 2022 the standard deduction amounts are:

Single 12,950 + 1,750 or 65 and over or blind (14,700)

HOH 19,400 + 1,750 for 65 and over or blind

Joint 25,900 + 1,400 for each 65 and over or blind

Married filing Separate 12,950 + 1,400 for 65 and over or blind

MichaelG81
Expert Alumni

How do I get my tax break (higher deduction) for turning 65

Yes, for 2022 tax year the additional amount for those 65 and over is $1,750/$1,400 added to the standard deduction. TurboTax automatically calculates it for you when you enter your date of birth. 

 

Per IRS:

 

Standard Deduction for Seniors

  • If you do not itemize your deductions, you can get a higher standard deduction amount if you and/or your spouse are 65 years old or older. You can get an even higher standard deduction amount if either you or your spouse is blind.

 

@ddjenn

 

[Edited 01/19/2023 04:44PM PST]

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How do I get my tax break (higher deduction) for turning 65

It will go by your age at the end of 2022.  If you blew out 65 candles in 2023 you will have to wait for next year.

**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.**

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