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Returning Member
posted Jun 1, 2019 11:31:25 AM

What is the standard deduction for tax year 2019 for single, over 65?

0 12 8475
12 Replies
Level 15
Jun 1, 2019 11:31:26 AM

Do you mean tax year 2019 (returns filed in 2020)?

Returning Member
Jun 1, 2019 11:31:27 AM

yes, for tax year 2019 (file in 2020).  

Level 1
Jun 1, 2019 11:31:28 AM

Then it is $13,850

Level 1
Jun 1, 2019 11:31:30 AM

The current standard deduction for Single filers over 65 is $13,600.

We have no indication that will change in the upcoming year. 

Returning Member
Jun 1, 2019 11:31:33 AM

I've read on a number of sites that standard deduction for 2019, single filer, is $12,200.  Plus if unmarried and over 65 an additional $1,650 is added.  The total standard deduction would then be $13,850.  Is this correct?

Level 1
Jun 1, 2019 11:31:35 AM

I am sorry, but I don't know the date of the sites you have read. The current standard deduction for Single filers under 65 is $12,000. The addition is $1600 if you are over 65. Source: <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/2568848-what-s-my-standard-deduction-for-2018">https://ttlc.intuit.com/questions/2568848-what-s-my-standard-deduction-for-2018</a>. I also have this from Forbes, citing the IRS press release.

Level 15
Jun 1, 2019 11:31:35 AM

"The standard deduction for married filing jointly rises to $24,400 for tax year 2019, up $400 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,200 for 2019, up $200, and for heads of households, the standard deduction will be $18,350 for tax year 2019, up $350.
IRS provides tax inflation adjustments for tax year 2019 …"

<a rel="nofollow" target="_blank" href="http://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2019">www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2019</a>

Level 1
Jun 1, 2019 11:31:40 AM

I am sorry. I thought you meant in 2019 for 2018 taxes

New Member
Sep 29, 2019 1:05:03 PM

yes

 

Level 15
Sep 29, 2019 6:30:20 PM

2018

Standard Deductions:

Single                                     $12,000  (+ $1600 65 or older)

Married Filing Separately    $12,000  (+ $1300 65 or older)

Married Filing Jointly           $24,000  (+ $1300 each spouse 65 or older)

Head of Household             $18,000  (+ $1600 65 or older)

 

 

 

2019

Standard Deduction Amounts

 

Single                                     $12,200    ($16,500 65 or older)

Married Filing Separately    $12,200   (+ $1650 if 65 or older)

Married Filing Jointly           $24,400   (+ $1300 for each spouse 65 or older)

Head of Household              $18,350   (+ $1650 for 65 or older)

New Member
Sep 8, 2020 4:15:36 AM

For 2019 Single, I think you mean:

 

Single              $12,200 (+ $1650 if 65 or older) = $13,850   

[NOT $16,500]


Level 15
Sep 8, 2020 5:25:35 AM

@PeteM Ha!  Yes---that extra "0" did not belong there!  Thank you!