Why doesn’t Turbo Tax use the $1950 standard deduction for a single senior age 68? They are using $1650.

LexiCodyMartin · ‎January 27, 2025

What is the standard deduction for single senior age 68?

RobertB4444 · ‎January 27, 2025

The standard deduction for 2024 for those over 65 and single is $14,600 plus $1950 for a total of $16,550.

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xmasbaby0 · ‎January 27, 2025

Your standard deduction lowers your taxable income. The standard deduction makes some of your income “tax free.” It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600 (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY $14,600 (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200 (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900 (65 or older/legally blind + $1950)

If you are filing Single and are 65 or older, add $14,600 + $1950 = $16,550

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Why doesn’t Turbo Tax use the $1950 standard deduction for a single senior age 68? They are using $1650.