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February 14, 2025
Question

standard deduction on turbo tax is too high

  • February 14, 2025
  • 1 reply
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Why is the standard deduction on turbo tax  too high. The IRS says for seniors it should be $30,750. Your program lists it at $32,300.

    1 reply

    February 14, 2025

    The standard deduction for a married couple that are BOTH over 65 is $29,200 plus an additional $3,100 for a total of $32,300.  Each spouse over 65 gets an additional $1,550

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