Standard deduction on 1040 line 12 shows $27,400., but my itemized deductions are less than $13,000. Why not $24,800?

[DoninGA · Accepted solution]

Are each of you age 65 or older?  If so, then your standard deduction is increased by $1,300 for both of you.

Standard deductions for 2020

• Single - $12,400 add $1,650 if age 65 or older
• Married Filing Separately - $12,400 add $1,300 if age 65 or older
• Married Filing Jointly - $24,800 add $1,300 for each spouse age 65 or older
• Head of Household - $18,650 add $1,650 if age 65 or older