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Best answer by VolvoGirl

Just by entering your birthdate in My Info or Personal Info.  You will get an increase in the Standard Deduction.  

2 replies

DoninGA
March 8, 2024

There is an additional amount added to the Standard Deduction for your filing status when you are age 65 or older.  The program enters this on your tax return automatically on the Form 1040 Line 12.

 

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

VolvoGirl
VolvoGirlAnswer
March 8, 2024

Just by entering your birthdate in My Info or Personal Info.  You will get an increase in the Standard Deduction.