Standard Deduction For 2024 Tax Year Over 65. Income tax slabs, union budget 2024 highlights: If you are 65 or older and blind, the extra standard deduction is:
Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750.
The Additional Standard Deduction Amount For 2024 (Returns Usually Filed In Early 2025) Is $1,550 ($1,950 If Unmarried And Not A Surviving Spouse).
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, married filing.
If You Are 65 Or Older And Blind, The Extra Standard Deduction Is:
You are considered age 65 on the day before your 65th.
Standard Deduction For 2024 Tax Year Over 65 Images References :
People Who Are Age 65 And.
Near the end of each year, the irs issues a revenue procedure.
You Can Claim A Standard Deduction To Reduce Your Taxable Income As Well As An Additional Deduction If You Are Age 65 Or Older And/Or Blind.
The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse).