2024 Standard Deduction Over 65 Chart. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.
The standard deduction for seniors over 65 is $27,300 for married couples filing jointly and $14,700 for single filers. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or.
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