What Is The Standard Deduction For 2024 For Seniors
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What Is The Standard Deduction For 2024 For Seniors. Single filers will see an increase of $750 and joint filers will receive a $1,500 bump in their standard. Taxpayers will also see an increase on their standard deduction.
There’s even more good news for older taxpayers. If you are over age 65 or blind, you’re eligible for an additional standard deduction of $1,500 to $1,950, depending on your filing status.
For More Information, Refer To How Much Is My Standard Deduction?, Publication 501, Publication 17, And Code Section 63 (C).
The additional standard deduction for the aged or the blind will be $1,550.
There’s Even More Good News For Older Taxpayers.
What is the extra standard deduction for seniors over 65 in 2024?
After Turning 65, The Standard Deduction For Single Filers In 2023 Increases By $1,850.
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If You Are Over Age 65 Or Blind, You're Eligible For An Additional Standard Deduction Of $1,500 To $1,950, Depending On Your Filing Status.
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;
After Turning 65, The Standard Deduction For Single Filers In 2023 Increases By $1,850.
Each joint filer 65 and over can increase the standard.
The 2023 Standard Deduction For Tax Returns Filed In 2024 Is $13,850 For Single Filers, $27,700 For.