Married filing jointly, one spouse is 65+ or blind$1,550 Married filing jointly, both spouses are 65+ or blind$3,100 Married filing jointly, both spouses are 65+ and blind$6,200 In 2025 (for tax returns filed in 2026), the extra standard deduction for a taxpayer who is 65 or older...
For the 2022 tax year, you can boost your standard deduction by $1,400 if you are over 65 or blind; by $1,750 if you are single and do not have a surviving spouse. These two new standard deduction amounts will rise by $100 to $1,500 and $1,850, respectively, for the 2023 ta...
For 2023, the standard deduction numbers to beat are: Single taxpayers: $13,850 Married taxpayers filing a joint return: $27,700 Heads of household: $20,800 Those are the numbers for most people, but some get even higher standard deductions. If you're 65 or older or blind or both, yo...
Deciding between the standard deduction vs itemized deductions? Weigh the benefits by considering factors like charitable donations, medical costs, and mortgage interest.
The standard tax deduction is a fixed amount that the tax system lets you deduct from your income, no questions asked.
For 2023 and 2024 taxes, there’s a higher standard deduction for certain taxpayers who are blind and/or are 65 or older: Standard deduction2023: Blind: Single – $15,700 Head of Household – $22,650 Married Filing Separately — $15,350 ...
Some individuals might be eligible for an increase in their standard deduction based on age or disability. Taxpayers who are age 65 and older or blind are entitled to an additional deduction of $1,300 if you're married or a qualifying widow(er) and $1,650 if you're single o...
The 2023standard deductionamounts are as follows: Single or married filing separately: $13,850 Married filing jointly: $27,700 Head of household: $20,800 The additional standard deduction for people who have reached age 65 (or who are blind) is $1,500 for each married taxpayer or $1,850...
Taxpayers at least 65 years oldorblind can claim an additional standard deduction. For 2023, the amount rose to $1,500 ($1,850 for single filers and heads of household).4For 2024, these amounts were changed to $1,550 and $1,950, respectively.5 ...
You can take advantage of an additional standard deduction if you are 65 or over at the end of the tax year (you are considered to be 65 on the day before your 65th birthday). People who are blind may claim an additional deduction, provided they are blind on the last day of the tax...