Solved: What will be the standard deduction in 2018 for joint returns of people with both over age 65?

1 Best answer

Level 15

Jun 7, 2019 4:03:32 PM

Standard deductions for 2018

Single - $12,000 add $1,600 if age 65 or older

Married Filing Separately - $12,000 add $1,300 if age 65 or older

Married Filing Jointly - $24,000 add $1,300 for each spouse age 65 or older

Head of Household - $18,000 add $1,600 if age 65 or older

Level 15

Jun 7, 2019 4:03:31 PM

From the actual bill that has passed Congress - "The additional standard deduction for the elderly and the blind is not changed by the provision."

Level 15

Jun 7, 2019 4:03:32 PM

Standard deductions for 2018

Single - $12,000 add $1,600 if age 65 or older

Married Filing Separately - $12,000 add $1,300 if age 65 or older

Married Filing Jointly - $24,000 add $1,300 for each spouse age 65 or older

Head of Household - $18,000 add $1,600 if age 65 or older

Level 9

Jun 7, 2019 4:03:33 PM

It is $1300 per person age 65 or older.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-drop/rp-17-58.pdf#page=14">https://www.irs.gov/pub/irs-drop/rp-17-58.pdf#page=14</a>

So if both are over age 65, the total Standard Deduction will be $26,600.

New Member

Jun 7, 2019 4:03:35 PM

Is it 1300 or 1600 for 2018?

Level 15

Jun 7, 2019 4:03:37 PM

See DoninGA's answer above. Depends upon age AND filing status..

Level 15

Jun 7, 2019 4:03:40 PM

But remember that this is for 2018 returns (filed in 2019), not 2017 ones filed in 2018.

What will be the standard deduction in 2018 for joint returns of people with both over age 65?