Standard Deduction For 2024 Tax Year Over 65

Standard Deduction For 2024 Tax Year Over 65.  โ€” 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 additional standard deduction amount will increase to $1,950 if the individual is.


Standard Deduction For 2024 Tax Year Over 65

Taxpayers get a higher standard deduction when they turn 65 or are blind.  โ€” for the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for.

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