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fleap32
New Member

Where does Standard Deduction of $27,300 show on tax form?

 
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2 Replies

Where does Standard Deduction of $27,300 show on tax form?

Line 12 of the 1040 or 1040SR.

DianeW777
Expert Alumni

Where does Standard Deduction of $27,300 show on tax form?

Yes, your standard deduction will show on Line 12, Form 1040.  The amount depends on your age, filing status and whether you are a dependent on another person's return.

 

  • The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for heads of households, the standard deduction will be $19,400 for tax year 2022, up $600.

If you're at least 65 years old or blind, you can claim an additional 2022 standard deduction of $1,400 ($1,750 if using the single or head of household filing status). If you're both 65 and blind, the additional deduction amount is doubled.

 

@fleap32

 

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