Solved: 2025 additional standard deduction for age 65+ and the …
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 …
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. …
What is the new Standard deduction for 2025 for married filing …
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, …
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 …
How can I compare Married Filing Jointly with Married Filing
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 columns …
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 …
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 …
How do I report my nonresident spouse's income on a MFJ tax …
Feb 16, 2025 · Hello, I'm a US citizen filing a Married Filing Jointly (MFJ) tax return with my nonresident spouse. I understand that I need to submit by mail a statement electing to treat …
I read that for a couple who are over 65, the standard deduction is ...
Feb 2, 2024 · Bookmark Icon Mike9241 Level 15 2023 standard deduction MFJ is $27,700 if one taxpayer is over 65 add $1500 if both add $3000 if one is blind add $1500 if both are blind add …
switching from MFJ to MFS - how to amend 2023 Capital Loss …
Mar 10, 2025 · Hi, wife and I decided to switch from Married Filing Jointly (“MFJ”) to Married Filing Separately (“MFS”) for Tax Year 2024. Our 2023 MFJ return showed a Loss Carry Over …