TurboTax FAQ
TurboTax FAQ
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What is the Standard Deduction for tax year 2013?

The standard deduction is a fixed amount that reduces your taxable income. Think of it as tax-free income that you get to keep before the remainder of your income is taxed.

Your age and filing status, along with several other factors, determines your standard deduction amount.

The chart below shows how standard deduction amounts are calculated for tax year 2013. (TurboTax calculates this for you and automatically gives you the deduction, standard or itemized, that saves you the most money on your taxes.)


If your filing status is...


You get:

Plus these additional amounts if you
(or your spouse if Married Filing Jointly) were:

 

 

Born before
January 2, 1949
Blind
Single $6,100 $1,500 $1,500
Married Filing Jointly (MFJ) $12,200   $1,200 per spouse $1,200 per spouse
Married Filing Separately (MFS) $6,100 $1,200 $1,200
Head of Household $8,950 $1,500 $1,500
Qualified Widow(er) with Dependent Child $12,200 $1,200 $1,200
 

Note: If somebody else can claim you (or your spouse, if filing jointly) as a dependent, your standard deduction amount might be reduced. If you're in this situation you might want to read IRS Publication 501, Exemptions, Standard Deduction, and Filing Informaton.

Related Information:


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