Skip to main content
March 25, 2022
Question

Last year the TurboTax Expert did not give the additional standard deduction for us, we were 71.\?

  • March 25, 2022
  • 2 replies
  • 0 views
How much is the additional amount of standard deduction for filing jointly 72 years old?

2 replies

DoninGA
Employee
March 25, 2022

If you are referring to tax year 2020 -

 

Standard deductions for 2020

  • Single - $12,400 add $1,650 if age 65 or older
  • Married Filing Separately - $12,400 add $1,300 if age 65 or older
  • Married Filing Jointly - $24,800 add $1,300 for each spouse age 65 or older
  • Head of Household - $18,650 add $1,650 if age 65 or older
Employee
March 25, 2022

You need to look at your 2020 Form 1040  line 12 to see the amount of the standard deduction you had last year.     Do you see $27,400 there?

 

 

2020 Standard Deduction Amounts

 

Single $12,400   (+ $1650 65 or older)

Married Filing Separate  $12,400   (+ $1300 if 65 or older)

Married Filing Jointly $24,800   (+ $1300 for each spouse 65 or older)

Head of Household $18,650  (+ $1650 for 65 or older)

**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.**