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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 2023 Form 1040.
2023 STANDARD DEDUCTION AMOUNTS
SINGLE $13,850 (65 or older/legally blind + $1850)
MARRIED FILING SEPARATELY $13,850 (65 or older/legally blind + $1500)
MARRIED FILING JOINTLY $27,700 (65+/legally blind) ) + $1500 per spouse
HEAD OF HOUSEHOLD $20,800 (65 or older/blind) + $1850)
Is one of you also legally blind? If so, you need to indicate that in My Info.
TurboTax is correct. Your standard deduction starts at $27,700
$27,700 + $3,000 = $30,700
Why do you think it should be 3 boxes? You and spouse is one box each over 65. Is one of you blind?
For 2023 the standard deduction amounts are:
Single 13,850 + 1,850 for 65 and over or blind (15,700)
HOH 20,800 + 1,850 for 65 and over or blind (22,650)
Joint 27,700 + 1,500 for each 65 and over or blind (29,200/30,700)
Married filing Separate 13,850 + 1,500 for 65 and over or blind (15,350)
the standard deduction for 2023 married filing joint is 27.700
+ 1500 for each that is 65 or over on 12/31/2023
+1500 for each that is legally blind as of 12/31/2023
age 65 or older is determined from the birth dates entered
on the personal info worksheet there is a box to check if legally blind at year-end
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