Standard deduction for tax year 2022

[JB7674]

Both my wife and myself are over 65 (neither of us are legally blind) what is our Standard Deduction for tax year 2022?

[xmasbaby0 · Accepted solution]

2022 STANDARD DEDUCTION AMOUNTS

SINGLE $12,950  (65 or older + $1750)

MARRIED FILING SEPARATELY $12,950  (65 or older + $1750)

MARRIED FILING JOINTLY $25,900  (65 or older + $1400 per spouse)

HEAD OF HOUSEHOLD  $19,400  (65 or older +$1750)

Legally Blind + $1750

[bluedeb · Accepted solution]

You will have an additional standard deduction for being over 65. 

How much is the standard deduction for 2022?

For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for heads of households, the standard deduction will be $19,400 for tax year 2022, up $600.

Taxpayers who are 65 and Older or are Blind

For 2022, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: Single or Head of Household – $1,750 (increase of $50) Married taxpayers or Qualifying Widow(er) – $1,400 (increase of $50)

[JB7674]

Thank You

[bluedeb]

Your welcome!