Standard Tax Deduction 2024 Single Over 65

Standard Tax Deduction 2024 Single Over 65. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.


Standard Tax Deduction 2024 Single Over 65

Ah, the standard deduction for seniors over 65, the time has come for you to stand up and take advantage of this great deduction! In 2023, she will receive the ordinary standard deduction of $13,850, plus an extra standard deduction of $1,850 for being a single filer over the age of 65.

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