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We are post 65 years filing together and the standard deduction is $42,357?

 
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2 Replies

We are post 65 years filing together and the standard deduction is $42,357?

For tax year 2023 if you are filing as Married Filing Jointly and you both are age 65 or older and Not blind the Standard Deduction is $30,700

 

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

We are post 65 years filing together and the standard deduction is $42,357?

Are you looking at the right line on your Form 1040SR?   Look at line 12 for your standard deduction.

 

PREVIEW 1040

 

https://ttlc.intuit.com/questions/1901539-how-do-i-preview-my-turbotax-online-return-before-filing

Click on Tax Tools on the left side of the screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

**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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