Question

65 years old and doing taxes with Turbotax. It said I was getting a standard deduction of 15,350. But on the IRS 1040-SR form it's saying a standard deduction of 15,700?

Which amount is correct?

Assuming you are filing as a single taxpayer and had reached 65 years of age as of December 31, 2023, your standard deduction would be $15,700.

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15,350 would be if you were married filing separately

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