Standard Deduction For 2024 Tax Year Over 65 . For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: If you are 65 or older and blind, the extra standard deduction is:
You are considered age 65 on the day before your 65th birthday. This deduction can be claimed once an individual exhausts section 80c/80ccd (1) limit.
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Standard Deduction For 2024 Tax Year Aretha , The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.
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2024 Standard Deduction Single Over Age 65 Sheri Dorolice , If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550.
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