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 status | 2019 standard deduction | Increase 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.)