Extra deductions for 2019 taxes

if you’re 65 or over, you are entitled to an additional $1,300. For an individual, that would raise the standard deduction to $13,500 for the tax year 2019, the first year that you can use the form. For a married couple, if one is 65 or over, the deduction would rise to $25,700

2019 standard deduction amounts

Filing status2019 standard deductionIncrease from 2018
Married filing jointly$24,400$400
Married filing separately$12,200$200
Single$12,200$200
Head of household$18,350$350

(There are hundreds of deductions and credits out there. Please contact our office for more information.)