Not completely Joel, the below table from the IRS web site shows an additional $1300 bump in the standard deduction for each spouse that is over 65 years old. So $2600 for a couple over 65 years old. The standard deduction before the change was $12,600 for a married couple.
Table 7. Standard Deduction Chart for People Born Before January 2, 1954, or Who Are Blind*
Check the correct number of boxes below. Then go to the chart.
You: Born before January 2, 1954 □ Blind □
Your spouse: Born before January 2, 1954 □ Blind □
Total number of boxes you checked This is an Image: box.gif
IF
your filing status is... AND
the number in the box above is... THEN
your standard deduction is...
Single 1 $13,600
2 15,200
Married filing jointly 1 $25,300
2 26,600
3 27,900
4 29,200
Qualifying widow(er) 1 $25,300
2 26,600
Married filing separately** 1 $13,300
2 14,600
3 15,900
4 17,200
Head of household 1 $19,600
2 21,200
*If someone else can claim you (or your spouse if filing jointly) as a dependent, use Table 8 instead.
**You can check the boxes for "Your spouse" if your filing status is married filing separately and your spouse had no income, isn't filing a return, and can't be claimed as a dependent on another person's return.
Sarge I wish to say thank you for disagreeing with me in a humane way. Many times there are morons here who disagree with me and have to try and make me look stupid in doing so. I respect your opinion and I am glad you respected mine. An opinion is simply an opinion and some people here don't get that.
We are all about learning from each others opinions here Tom. I always try to respect the individual. Just trying to set a good example! Learning from others experiences and opinions is what makes this site so great.