Reply To: Does anyone know what the 2018TY standard deduction will be for 65+

Home Fairmark Forum Other Tax Topics Does anyone know what the 2018TY standard deduction will be for 65+ Reply To: Does anyone know what the 2018TY standard deduction will be for 65+

#1672
Sunny
Participant

I took this from a Forbes article it adds to kaneohe’s response.

“For 2018, the additional standard deduction amount for the aged or the blind is $1,300. The additional standard deduction amount increases to $1,600 for unmarried taxpayers.
For 2018, the standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,050 or the sum of $350 and the individual’s earned income.
There will be no personal exemption amounts for 2018”