Irs Standard Deduction 2024 Senior Over 65

0 Comments

Irs Standard Deduction 2024 Senior Over 65. Irs standard deduction 2024 married over 65 maxie sibelle, if you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550. The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.


Irs Standard Deduction 2024 Senior Over 65

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). Seniors over age 65 have access to an additional $1,850 standard deduction on top of their base rate, which helps reduce taxable income and gives them more financial security in retirement.

Irs Standard Deduction 2024 Senior Over 65 Images References :

Related Posts