☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 2:20:48 PM

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

0 1 233
1 Best answer
Level 1
Jun 4, 2019 2:20:51 PM

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. 

1 Replies
Level 1
Jun 4, 2019 2:20:51 PM

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.