Solved: 2025 additional standard deduction for age 65+ and the new ...
Jul 28, 2025 · There is an additional standard deduction for taxpayers age 65 and over, which was $1,550 each for married filing joint (MFJ) on the 2024 federal Form 1040, which I believe is $1,600 …
What is the new Standard deduction for 2025 for married filing Joint?
Jul 15, 2025 · The "extra" amount added for 65 or older increases slightly for 2025, and there is a "bonus" added deduction of up to $12,000 for those 65 or older who file MFJ for 2025 to 2028, which …
MFJ closing down manufacturing facilities effective May 17th 2024
Apr 25, 2024 · Yesterday, MFJ Enterprises announced that they would be closing down their manufacturing facilities in Starkville, Mississippi effective May 17th, but would continue selling their …
2025 standard Tax deductons for married couples over age 65
Aug 27, 2025 · A MFJ couple will get a separate $12,000 Plus there is a new Senior Deduction of $6,000 for each spouse 65. The Senior deduction will show on a separate line on form 1040. The …
How can I compare Married Filing Jointly with Married Filing ... - Intuit
Dec 19, 2025 · Select the MFJ vs. MFS box. Scroll down to Balance Due (Refund) located under Line 72. The second column shows the federal outcome for a joint return, and the third and fourth …
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Switching the Filling Status (form 1040) from MFJ to MFS whenever
Mar 11, 2025 · Dear Team, I am married, live together with my husband until now, we have filled return 1040 with form MFJ for years ago. Can I switch the form MFJ to the MFS in filling return 1040 in year …
Amend tax return to change filing status from MFJ to MFS
Mar 5, 2025 · You cannot switch from MFJ to MFS after April 15, 2025. So this is your last day to amend--no extensions for amending. Are you certain MFS would be better? MFS is usually the worst …
How to File MFJ with a Non-Resident Alien Spouse
Mar 13, 2025 · I have used TT for Single filing as a Resident previously. This year I want to file go with Married Filing jointly to get the benefits of higher standard deductions. I am a resident on H1b-visa …
My spouse and I live in MA and DC resp. We filed our federal taxes as ...
Apr 1, 2025 · My spouse and I live in different states (MA and DC respectively), so we filed our federal taxes as "Married File Jointly" and state taxes as "Married Filing Separately". For DC, turbotax has …
Isn't there an additional deduction for being over 65 years of age?
Oct 9, 2024 · For 2023, the standard deduction for MFJ with both spouses over 65 is $30,700. For 2024 it will be $32,300 ($29,200 plus $1550 per spouse). October 9, 2024 2:28 PM