Standard Deduction For 2024 And 2024 Over 65

Standard Deduction For 2024 And 2024 Over 65. About 90% of all taxpayers take the. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to.


Standard Deduction For 2024 And 2024 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.  โ€” if you file as single or head of household, and you’re either 65 or older or blind, you can claim an additional standard deduction of $1,950 for the 2024 tax year.

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