Solved: Should I take the standard deduction rather than itemize if I am over 65, and have no mortgage
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Should I take the standard deduction rather than itemize if I am over 65, and have no mortgage

 
1 Best answer

Accepted Solutions
Level 1

Should I take the standard deduction rather than itemize if I am over 65, and have no mortgage

Yes, unless you have significant medical bills or charity donations, you are better to file using the increased standard deduction for taxpayers over 65. 

The standard deduction for a single taxpayer over 65 is $13,600 in 2018. 

View solution in original post

1 Reply
Level 1

Should I take the standard deduction rather than itemize if I am over 65, and have no mortgage

Yes, unless you have significant medical bills or charity donations, you are better to file using the increased standard deduction for taxpayers over 65. 

The standard deduction for a single taxpayer over 65 is $13,600 in 2018. 

View solution in original post

Dynamic Ads
v
Privacy Settings