Standard Deduction 2024 Age 65. Her total standard deduction amount will be. The standard deduction is a valuable tax benefit that allows seniors to reduce their taxable income, potentially lowering their overall tax liability.
The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly,.
Single Or Married Filing Separately:
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Taxpayers 65 And Older And Those Who Are Blind Can Claim An Additional Standard Deduction.
Her total standard deduction amount will be.
Standard Deduction 2024 Age 65 Images References :
The Standard Deduction Is A Specific Dollar Amount That Reduces The Amount Of Income On Which You're Taxed.
Individuals who are at least partially blind or at least 65 years old get a larger standard deduction.
Single Or Married Filing Separately:
The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.