The standard deduction for taxpayers who do not itemize deductions on Form 1040, Schedule A, has increased. The standard deduction amounts for 2021 are:
Taxpayers who are 65 and Older or are Blind
For 2021, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:
Allowance of partial above-the-line deduction for charitable contributions – The deduction for charitable contributions by taxpayers who do not itemize was modified by the Taxpayer Certainty and Disaster Relief Act of 2020. For tax year 2021, married couples filing a joint return may deduct up to $600 (all others are limited to $300) in cash contributions. This amount is in addition to their standard deduction.