Irs Standard Deduction Seniors Over 65 2024
Irs Standard Deduction Seniors Over 65 2024 . Find the new rates and information on extra benefits for people over 65. For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:
Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750.
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