Standard Deduction For Seniors 2024 Tax Year

Standard Deduction For Seniors 2024 Tax Year. Section 63 (c) (2) of the code provides the standard deduction for use in filing individual income tax returns. Find the 2024 tax rates.


Standard Deduction For Seniors 2024 Tax Year

Irs provides tax inflation adjustments for. 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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