2024 Standard Deduction For Seniors Over 65

2024 Standard Deduction For Seniors Over 65

2024 Standard Deduction For Seniors Over 65. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. If you’re married and filing jointly or separately, add $1,500 per qualifying.


2024 Standard Deduction For Seniors Over 65

If you’re married and filing jointly or separately, add $1,500 per qualifying. The 2024 tax year brings specific considerations for seniors, including an additional standard deduction that is designed to provide financial relief and acknowledge the unique financial challenges faced by this age group.

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