Senior taxes

Seniors who do not itemize (basically those with a paid for house) will get a tax break this year. In 2017 the standard deduction for a couple over age 65 was $15,500 and they added to that a personal exemption of $8,100 for a total deduction of $23,600. Under the new law there is no longer a personal exemption but the standard deduction for this couple will be $26,600.