2024 Standard Tax Deduction For Seniors Over 65

2024 Standard Tax Deduction For Seniors Over 65

2024 Standard Tax Deduction For Seniors Over 65. For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly,.


2024 Standard Tax Deduction For Seniors Over 65

The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or. The primary difference lies in the basic exemption ceiling, which.

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