Mary (age 68, single) – standard deduction = $16,550 (2024). If she is also blind, add $1,950.
Note: These figures increase slightly each year for inflation. Always check the latest IRS instructions. irs 1040-sr instructions
Use the IRS’s gross income filing thresholds (2024): Mary (age 68, single) – standard deduction =
: Unlike the standard 1040, the 1040-SR includes a chart directly on the form to help you quickly find your higher standard deduction amount, which increases for those over 65. Always check the latest IRS instructions
Form 1040-SR, the , is an optional alternative to the standard Form 1040 designed specifically for taxpayers age 65 or older . For the 2025 tax year, you are eligible to use this form if you were born before January 2, 1961 . Key Features of Form 1040-SR
: Government-issued ID and Social Security numbers for yourself and any dependents.