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Lev
Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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What is the new deduction 1040 form over 65 years old,

Customer Question

what is the new deduction for 2015 1040 form for people over 65 years old
JA: Thanks. Can you give me any more details about your issue?
Customer: regular is 12,600. last year for people filing joint return. the deduction for people born before jan. 2, 1949 was 14,800. need to know what it is for 2015.
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Submitted: 1 year ago.
Category: Tax
Expert:  Lev replied 1 year ago.

See page 26 in following publication

Standard Deduction Chart for People Born Before January 2, 1951

https://www.irs.gov/pub/irs-pdf/p501.pdf

So - if both spouses born before January 2, 1951 and none are blind - the standard deduction for 2015 is $15,100.
Let me know if you need any help with reporting.

Expert:  Lev replied 1 year ago.

Generally - you woudl need to use attached worksheet Standard Deduction Chart for People Born Before January 2, 1951, or Who are Blind

and calculate your standard deduction.

.

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Expert:  Lev replied 1 year ago.

Generally - you would need to use attached worksheet Standard Deduction Chart for People Born Before January 2, 1951, or Who are Blind

and calculate your standard deduction.

.

I appreciate if you take a moment to rate the answer.
Experts are ONLY credited when answers are rated positively.
If you still have any doubts, need clarification - please be sure to ask.
I am here to help you with all tax related issues.