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jman186
New Member

Is the standard deduction on updated correctly?

The IRS website says the Standard Deduction for single filer is supposed to be $14,600 but its still showing it as $13,850.
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2 Replies

Is the standard deduction on updated correctly?

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

Is the standard deduction on updated correctly?

You are looking at the Standard Deduction for tax year 2024.  Tax year 2024 does not complete until after 12/31/2024.  Tax year 2023 is the tax year being reported in calendar year 2024.

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