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What's the standard deduction for two seniors over 65 years old? 1040-SR page 4 implies it would be 33,700, when we add the number of checked boxes for age/blindness. ?

 
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4 Replies

What's the standard deduction for two seniors over 65 years old? 1040-SR page 4 implies it would be 33,700, when we add the number of checked boxes for age/blindness. ?

Only 30,700

For 2023 the standard deduction amounts are:

Single 13,850 + 1,850 or 65 and over or blind

HOH 20,800 + 1,850 for 65 and over or blind

Joint 27,700+ 1,500 for each 65 and over or blind (both 30,700)

Married filing Separate 13,850 + 1,500 for 65 and over or blind

What's the standard deduction for two seniors over 65 years old? 1040-SR page 4 implies it would be 33,700, when we add the number of checked boxes for age/blindness. ?

You are looking at the Standard Deduction for tax year 2024.

 

The Standard Deduction for 2023 for two seniors age 65 or older and filing as Married Filing Jointly is $30,700


Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

 

What's the standard deduction for two seniors over 65 years old? 1040-SR page 4 implies it would be 33,700, when we add the number of checked boxes for age/blindness. ?

However, if you are both age 65 or older and both legally blind the the Standard Deduction would be $33,700.

What's the standard deduction for two seniors over 65 years old? 1040-SR page 4 implies it would be 33,700, when we add the number of checked boxes for age/blindness. ?

Oh, are you both blind?  Standard Deduction for Joint is 27,700.  Then you get an extra 1,500 for each spouse over 65 and 1,500 for blind.  

 

 

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