2024 Standard Deduction For Seniors Over 65 Over 65

2024 Standard Deduction For Seniors Over 65 Over 65. In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you're 65 or older and/or blind, and whether another taxpayer. If you’re a single taxpayer age 65 and older, you can add $1,850 to $13,850 standard deduction.


2024 Standard Deduction For Seniors Over 65 Over 65

Single filers will see an increase of $750 and joint filers will receive a $1,500 bump in their standard deduction. When you turn 65, the irs offers you a tax benefit in the form of an extra standard deduction for people age 65 and older.

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