Standard deduction for married filing jointly with 2 over 65 should be 27400. What to do?

Schatzemolly · ‎February 14, 2020

Bsch4477 · ‎February 14, 2020

It should be $27,000.

Kat · ‎February 14, 2020

The standard deduction for 2019 for married filing jointly is $24, 400. Add an additional $1300 each for 2 over 65, and the total is $27,000. See the TurboTax FAQ below for clarification.

What's my standard deduction?

Maybe you're looking at the increased standard deduction for 2020?

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srvottiero · ‎February 14, 2020

According to my research, it's $24,400 for married filing jointly and if you are over 65, each person gets an additional $1,300 (not $1,500). Total deduction should be $27,000. Hope that helps.

VolvoGirl · ‎February 14, 2020

See IRS publication 501 top of page 2

https://www.irs.gov/pub/irs-pdf/p501.pdf

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Standard deduction for married filing jointly with 2 over 65 should be 27400. What to do?