What is the standard deduction for 2020 for over 65 and blind?
For 2020, the additional standard deduction for married taxpayers 65 or over or blind will be $1,300 (same as for 2019). For a single taxpayer or head of household who is 65 or over or blind, the additional standard deduction for 2020 will be $1,650 (same as for 2019).
What is the standard deduction for a blind person?
For the 2020 tax year, the legally blind tax deduction is: $1,650 for single or head of household filers. $1,300 for married couples filing jointly or separately with one blind spouse. $2,600 for married couples filing jointly with two blind spouses.
What is legally blind for tax purposes?
Anyone whose field of vision falls at or below 20 degrees, who wears corrective glasses but whose vision is 20/200 or less in his best eye, or who has no eyesight at all, meets the legal definition of being blind and is eligible for certain tax deductions.
For 2020, taxpayers who were at least 65 years old or blind could claim an additional standard deduction of $1,300 ($1,650 if using the single or head of household filing status). Once again, the additional deduction amount is doubled for anyone who is both 65 and blind.
What is the additional deduction for single taxpayers who are blind and over 65?
Blind taxpayers get the same standard deductions as taxpayers over age 65. For 2020, $1,650 is the additional amount of the blind taxpayer deduction for individuals filing as single.
What is the standard deduction for the blind?
If you qualify as blind under the IRS rules, you can take an additional Standard Deduction as well. This would be on top of the additional deduction if the taxpayer is also over age 65. Again, the deduction ranges from $1,300 to $1,600 per qualifying taxpayer depending on filing status.
What are the tax laws for legal blindness?
IRS Tax Laws on Legal Blindness. Legal blindness entitles tax filers to a lower tax liability, according to the Internal Revenue Service (IRS) tax code. The lower tax liability comes from increasing either itemized deductions or the standard deduction, depending on which the tax filer claims. The same deduction increase applies to individuals…
Can a couple over 65 claim the standard deduction?
A married couple would each be able to claim this deduction if both are over age 65. In 2018, those born before January 2, 1954 qualify as over age 65. If you qualify as blind under the IRS rules, you can take an additional Standard Deduction as well. This would be on top of the additional deduction if the taxpayer is also over age 65.
When do you have to declare blindness to the IRS?
The state of blindness must be established on or before the last calendar day in a year. Designation as legally blind must be made on IRS tax form 1040 on line 39a or 1040A on line 23a. Blind filers may not use form 1040EZ to obtain a higher deduction.
