2024 Standard Deduction Over 65 Single. For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:. The additional standard deduction amount for 2024.
The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. People 65 or older may be eligible for.
Married Filing Jointly (&Amp; Surviving Spouses) $29,200:
For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers.
How Much Is The Additional Standard Deduction?
The 2023 standard deduction for tax returns filed in 2024 is $13,850 for single filers, $27,700 for joint filers or $20,800 for heads of household.
If You Are A Single Senior Over The Age Of 65, You Can.
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If You Don't Itemize Deductions, You Are Entitled To A Higher Standard Deduction If You Are Age 65 Or Older At The End Of The Year.
For single taxpayers and married individuals filing separately, the standard deduction will rise to $14,600 for 2024, an increase of $750 from 2023;
Standard Deduction Gives The Rules And Dollar Amounts For The Standard Deduction—A Benefit For Taxpayers Who Don't Itemize Their Deductions.
Married filing jointly (& surviving spouses) $29,200:
You Can Claim A Standard Deduction To Reduce Your Taxable Income As Well As An Additional Deduction If You Are Age 65 Or Older And/Or Blind.