1040-sr Instructions -
You cannot take the standard deduction if you itemize. Part 3: Social Security Benefits – Are They Taxable? Up to 85% of your Social Security benefits may be taxable depending on your combined income : Combined income = Adjusted gross income (AGI) + nontaxable interest + ½ of Social Security benefits Taxability thresholds (2024):
| Filing Status | 0% taxable | Up to 50% taxable | Up to 85% taxable | |---------------|------------|-------------------|-------------------| | Single, Head of Household, Qualifying Widow(er) | Under $25,000 | $25,000–$34,000 | Over $34,000 | | Married Filing Jointly | Under $32,000 | $32,000–$44,000 | Over $44,000 | | Married Filing Separately (lived apart all year) | Under $25,000 | $25,000–$34,000 | Over $34,000 | | Married Filing Separately (lived together) | — | — | Up to 85% of benefits is taxable | 1040-sr instructions
Would you like a printable PDF summary or a checklist for filling out Form 1040-SR? You cannot take the standard deduction if you itemize
If you are under 65, use the standard Form 1040. Your standard deduction is higher if you are 65 or older or blind. If you are under 65, use the standard Form 1040
| Filing Status | Under 65 | 65 or Older | |---------------|----------|-------------| | Single / MFS | $14,600 | $16,550 | | Head of Household | $21,900 | $23,850 | | Married Filing Jointly (both under 65) | $29,200 | N/A | | Married Filing Jointly (one 65+) | $29,200 | $30,750 | | Married Filing Jointly (both 65+) | $29,200 | $32,300 | | Qualifying Surviving Spouse | $29,200 | $30,750 |