For filers age 65 or older, the additional standard deduction is on top of the regular standard deduction for a given tax year. If you're married filing jointly or separately, the extra standard deduction amount is $1,500 per qualifying individual. If you are 65 or older or blind, you can claim an additional standard deduction.įor 2023, that additional standard deduction is $1,850 if you are single or file as head of household. Or, your doctor must certify that your field of vision is 20 degrees or less. Or, you have to have a doctor's certification (in this case, an ophthalmologist or optometrist) that your eyesight is not better than 20/200 (in the best eye with corrective lenses). There are additional standard deductions if you or your spouse is blind and if you are 65 or older.įor the additional standard deduction for people who are blind, you have to be completely blind by the end of a given tax year. Special Standard Deduction Rules Extra standard deduction 65 or older and blind The standard deduction is $13,850, which, applied to your earned income would bring your taxable income to $36,150.
(You can see how that works in the charts for 2023 compared to 2022 below).īut, for example, let’s say you have $50,000 in income for 2023, and your filing status is single. So, that's why your 2023 standard deduction is higher than it was for 2022. Note: The IRS adjusts the standard deduction annually for inflation. Whether another taxpayer can claim you as a dependent on their tax return.The amount of your standard deduction depends on several different factors. How It Works How does the standard deduction work? You can see that these amounts are lower than those for 2023 above.Ģ022 Standard Deduction Amounts: (Returns Normally Due April 2023) If you still need to file your 2022 return, (the IRS extended 2022 tax deadlines in several states due to storms) here are the 2022 standard deduction amounts. Standard deduction 2022 amounts (If you haven't filed yet)
FEDERAL TAX BRACKETS 2021 OVER 65 PLUS
If you can be claimed as a dependent by another taxpayer, your 2023 standard deduction is limited to the greater of $1,250 or your earned income plus $400 (but the total can't be more than the basic standard deduction for your filing status). If you're both 65 and blind, the additional deduction amount is doubled. Note: If you are at least 65 years old or blind, you can claim an additional 2023 standard deduction of $1,850 (also $1,850 if using the single or head of household filing status). Married Filing Jointly Qualifying Widow(er)
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