Standard Deduction 2024 Over 65 Mfj

Standard Deduction 2024 Over 65 Mfj

Standard Deduction 2024 Over 65 Mfj. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to.


Standard Deduction 2024 Over 65 Mfj

For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; $3,700 if you are single or filing as head of household.

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