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Irs Standard Deduction 2024 Senior Over 65

Irs Standard Deduction 2024 Senior Over 65. Individuals under 65 at the end of 2023 have to file a federal return in 2024 if their income last year was at least $13,850 ($20,800 for taxpayers filing as head of. The standard deduction amounts will increase to $14,600 for individuals and married.


Irs Standard Deduction 2024 Senior Over 65

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 basic standard deduction in 2024 and my estimate for 2025 are:

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