The standard deduction is a fixed dollar amount that reduces your taxable federal income. Think of it as tax-free income that you get to keep before taxes are applied to the rest.
To figure your 2016 standard deduction amount, simply select your filing status below. (Don't worry – TurboTax automatically calculates this for you, assuming you're taking the standard deduction.)
Please note that if someone else claims you (or your spouse, if you're filing jointly) as their dependent, your standard deduction may be reduced from the amounts shown below.
Single or Married Filing SeparatelyYour standard deduction starts at $6,300.
Example: Single filer Joe, who was born in 1972 and has been blind since birth, has a standard deduction of $6,300 + $1,550 = $7,850.
Your standard deduction starts at $12,600.
Example: Joint filers Pat and Tracy, who were both born in 1941 and are not blind, have a standard deduction of $12,600 + $1,250 + $1,250 = $15,100.
Your standard deduction starts at $9,300.
Example: Head of Household filer Mary, who was born in 1963 and is not blind, has a standard deduction of $9,300.
What is the dollar amount for 1999 for married couple over 65
For what year?
2019
For 2019 the standard deduction amounts are:
Single 12,200 + 1,650 for 65 and over or blind
HOH 18,350 + 1,650for 65 and over or blind
Joint 24,400+ 1,300 for each 65 and over or blind
Married filing Separate 12,200 + 1,300 for 65 and over or blind
2018
For 2018 the standard deduction amounts are:
Single 12,000 + 1,600 for 65 and over
HOH 18,000 + 1,600 for 65 and over
Joint 24,000 + 1,300 for each 65 and over
Married filing Separate 12,000 + 1,300 for 65 and over