What Is The Standard Deduction For 2024 Taxes Over 65. The amt exemption rate is also subject to inflation. For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:


What Is The Standard Deduction For 2024 Taxes Over 65

People who are age 65 and over have a higher standard deduction than the basic standard deduction. 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.

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