2024 Standard Deduction For Seniors Over 70 . Higher standard deduction for age (65 or older). Depending on your tax rate and filing status, you’ll.
If you are married and filing jointly or separately, and either you or your spouse is 65 or older or blind, you can each claim an extra standard deduction of $1,550 for the. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.
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What Is The Standard Deduction For 2024 For Seniors? TaxSaving Tips , The standard deduction for taxpayers over the age of 65 is higher than for younger taxpayers, acknowledging the unique financial challenges faced by this age group.
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