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April 1, 2020
Question

Do seniors receive an extra deduction above the standard

  • April 1, 2020
  • 1 reply
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1 reply

DoninGA
Employee
April 1, 2020

An additional amount is added to the Standard Deduction for taxpayers age 65 or older.

 

Standard deductions for 2019

  • Single - $12,200 add $1,650 if age 65 or older
  • Married Filing Separately - $12,200 add $1,300 if age 65 or older
  • Married Filing Jointly - $24,400 add $1,300 for each spouse age 65 or older
  • Head of Household - $18,350 add $1,650 if age 65 or older