Irs Standard Deduction Tax Year 2024 Over 65. People who are blind have an additional standard deduction. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse).
The following figures are for tax year 2024. For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:
The Additional Standard Deduction Amount For 2024 (Returns Usually Filed In Early 2025) Is $1,550 ($1,950 If Unmarried And Not A Surviving Spouse).
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;
2024 Standard Deduction Over 65.
The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.
Irs Standard Deduction Tax Year 2024 Over 65 Images References :
Seniors Over Age 65 May Claim An Additional Standard Deduction Of $1,950 For Single Filers And $1,550 For Joint Filers.
New tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000.