Standard Deduction 2024 Single Over 65 . The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. 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.
That means a single taxpayer 65 or older (or who is blind) can claim a total standard deduction of $16,550 on their 2024 federal tax return. Filing status is discussed in detail later in this publication.
Standard Deduction 2024 Single Over 65 Images References :
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2024 Standard Deduction Single Eddie Sibylla , If you are both, you get double the additional deduction.
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Standard Deduction For 2024 Tax Year Over 65 Aime Lucila , The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700.