Senior Standard Deduction For 2024 Tax Year

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Senior Standard Deduction For 2024 Tax Year

Senior Standard Deduction For 2024 Tax Year. It's called the extra standard deduction, exclusively for people who are 65 years and older by the. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse).


Senior Standard Deduction For 2024 Tax Year

Senior citizens have higher deduction limits and exemption benefits than younger taxpayers. 2024 standard deduction over 65.

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