Both of us were born before 1952, but there are no further instructions to refer to as to why boxes 6a have a different standard deduction for people over 65 who are filing jointly. Turbo Tax has put $15100 in the deduction space, but doesn't explain why.
The tax law provides for a higher standard deduction for seniors
Your standard deduction starts at $12,600.
Example: Joint filers Pat and Tracy, who were both born in 1941 and are not blind, have a standard deduction of $12,600 + $1,250 + $1,250 = $15,100.
The tax law provides for a higher standard deduction for seniors
Your standard deduction starts at $12,600.
Example: Joint filers Pat and Tracy, who were both born in 1941 and are not blind, have a standard deduction of $12,600 + $1,250 + $1,250 = $15,100.