Standard Deduction For 2024 Tax Year Over 65. The standard deduction is a common tax provision that allows seniors over 65 years old to reduce the amount of taxable income they owe. This amount increases to $1,950 if they.


Standard Deduction For 2024 Tax Year Over 65

Taxpayers get a higher standard deduction when they turn 65 or are blind. The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.

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